Hialeah Machinery & Equipment Appraisals

Hialeah Machinery & Equipment AppraisalsHialeah is unique in that it has the highest percentage of Cuban and Cuban American residents of any city in the United States, and this largely contributes to the city’s culture. The name Hialeh means pretty prairie because the city is located between the Everglades and Biscayne Bay on a large prairie. The city of Hialeah is famous for horse and greyhound racing and is home to the famous Hialeah Park Race Track.

Our team has experience appraising machinery and equipment of all types, ranging from restaurants, retail stores, medical equipment, dental equipment, textile manufacturing, machine shops hotels and more.  Our appraisers prepare certified appraisals that are reliable, accurate and defensible.  We have performed several machinery and equipment appraisals in the state of Florida. Our experience and familiarity with the industries in Hialeah and throughout Florida make us an excellent source for appraising machinery and equipment for your Hialeah based business.

Expert Machinery & Equipment Appraisals – The Optimal Approach for Your Business

Equipment appraisals are required for many different reasons.  Our certified appraisers are skilled at accurately and efficiently identifying the approach to value that best fits the appraisal circumstances. There are three different approaches to value considered when appraising machinery and equipment: the market data approach, the cost less depreciation approach and the income approach.

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 reviewed to conclude a probable value.

The cost less depreciation approach is when the existing cost of an asset is determined after subtracting for functional and economic obsolescence, physical deterioration and depreciation.  It is based on the principle of substitution which maintains 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 income approach considers the revenue streams in order to determine a present value.  This approach is often difficult to implement since revenue streams for single components cannot be itemized easily.  However, there are occasionally situations where it makes sense to apply the income approach to an equipment appraisal.

Our appraisers have earned their CMEA certifications through the renowned NEBB Institute.  This program has equipped our appraisers with the skills necessary to handle each and every appraisal with confidence and skill.  All of our machinery and equipment appraisals are certified, USPAP compliant and meet the SBA’s SOP requirements.  Whether you need an accurate, defensible and timely appraisal in Hialeah, Miami or any of the nearby towns, our certified appraisers are eager to competently appraise your equipment with accuracy, integrity and professionalism.  So call us today at 704-726-4820 and find out how much We Value Your Business! 

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