Athens is a college town and is home to the University of Georgia. The town developed in conjunction with the University as lots closest to the college were sold to raise money for the additional construction of the school. When the first class graduated from the University of Georgia in 1804 there were only 3 homes, 3 stores, and a few other buildings facing what is now known as Broad Street. Other than the university, Cotton Mills were the prime source of commercial and industrial growth. Athens has a rich culture with a thriving music scene. Today Athens has more than 65 downtown shops and a plethora of restaurants, coffee shops and nightlife which contributes to its successful small business economy.
Athens is just a few hours’ drive from Charlotte where our home office is located. Our appraisers have frequently traveled to various parts of Georgia and are very familiar with the town of Athens. Our familiarity with the area combined with our experience appraising numerous types of equipment across many industries makes Turner Business Appraisers a great choice for appraising machinery and equipment for your Athens based business. Some examples of equipment we have appraised includes but is not limited to hotels, retail stores, restaurants, medical and dental equipment, textile manufacturing, machine shops and much more!
Athens, GA Machinery & Equipment Appraisals – The Right Approach for Your Needs
When considering the value of machinery and equipment during an appraisal, there are three approaches that we consider. These include the Cost Less Depreciation Approach, the Market Data Approach and the Income Approach.
The cost less depreciation approach is when the current cost of an asset is determined after deducting for functional and economic obsolescence, physical deterioration and depreciation. It is based on the principle of substitution which asserts that an informed buyer will not pay more for an asset than the cost of an asset that can be replaced with the same function.
The market data approach is when the market value estimate is based upon prices being paid in actual and current market listings. The latest transactions are examined to determine a probable value.
The Income approach considers revenue streams in order to determine a present value. This approach is often difficult to execute since revenue streams for single components cannot be cataloged easily. However, there are circumstances on occasion where it makes sense to apply the income approach to an equipment appraisal. Our certified appraisers have the skills to accurately determine which approach to value should be applied to your equipment appraisal.
No matter which approach to value is utilized for your appraisal you can rest assured that the team at Turner Business Appraisers has the acumen to appraise your equipment accurately and efficiently.
All of our appraisals are certified, meet the SBA’s SOP Requirements, are USPAP compliant, and will withstand scrutiny from the IRS, Litigation, Banks or any other circumstance. Regardless of whether you need an appraisal in Athens, Winterville, Bogart or a neighboring community, Turner Business Appraisers will provide an appraisal that is accurate, defensible and timely with integrity and seamless customer service. So call us today at 704-765-4820 and find out how much We Value Your Business!
