Rome Machinery & Equipment Appraisals

Rome Machinery & Equipment AppraisalsRome is located at the foothills of the Appalachian Mountains and was built on seven hills with a river running between them.  This was an inspiration for the name and is a tribute to the Italian city of Rome.  There is even a statue of Romulus and Remus in Rome, Georgia that is a replica of the statue in Rome, Italy, accentuating the correlation between the two cities.  In 1922 a rayon plant was constructed by the American Chatillon Company in conjunction with the Italian Chatillon Company and it was Benito Mussolini who sent the statute to Rome, Georgia with the inscription “From Old Rome to New Rome” on it.  The statue was meant to be a sign of prosperity and was placed in front of city hall.  However, during World War II, the statue was removed due to low morale and was replaced with the American Flag.  However, it was restored to its original location in front of city hall in 1952.

Rome is just a short drive from our headquarters in Charlotte, and our appraisers are familiar with the businesses and industries within the area.  Our certified appraisers have substantial experience appraising machinery and equipment of all types and across many industries including hotels, retail stores, restaurants, medical and dental equipment, textile manufacturing, and machine shops.  Our experience and propensity for precise appraisal work makes us an ideal choice for preparing machinery and equipment appraisals in Rome.

We contemplate three different approaches to value when looking at equipment to establish its value.  These include the Market Data Approach, the Cost Less Depreciation Approach and the Income Approach.  Our certified appraisers have the skill to correctly determine which approach to value is the best fit for your equipment appraisal.

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 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 equivalent substitute asset with the same function.

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 assets cannot be itemized easily.  However, there are circumstances that make sense for the income approach to be utilized for an equipment appraisal.

Rome, GA Machinery & Equipment Appraisals – Expertise Proven by Certification

All of our appraisers have earned their credentials through a rigorous training program run by the NEBB Institute.  The program is set up to prepare those pursuing the CMEA designation for real life situations in the appraisal industry.  Persons earning the certification must complete a comprehensive instructional course, pass a written exam and prepare a sample appraisal report that is then graded by 2 certified machinery and equipment appraisers as well as a peer review committee.

Our appraisals are certified, meet the SBA’s SOP Requirements and are USPAP compliant and can withstand scrutiny from the IRS, Litigation, Banks and more.  Our appraisers are equipped to perform professional appraisals that are defendable under any circumstances.

Whether you need an appraisal in Rome, Armuchee, Cave Spring, Lindale, Livingston, Mount Berry, Shannon, Silver Creek, Coosa, Wax, Rosedale, Floyd Springs or any other cities nearby, the team at Turner Business Appraisers will provide accurate, defensible and timely appraisals for your business. So call us today at 704-765-4820 and find out how much We Value Your Business!  

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