Machinery and Equipment Appraisals
If you are looking for a machinery and equipment appraisal, Peak Business Valuation is happy to help. We provide machinery and equipment appraisals for businesses and lenders across the country. To learn more, schedule a free consultation.
What is a Machinery and Equipment Appraisal?
A machinery and equipment appraisal determines the value of specific assets. A company may order one for a variety of reasons listed below. Whereas a lender may request a machinery and equipment appraisal to act as collateral for a loan. In addition, the appraisal may provide support to empower lending decisions.
Peak Business Valuation, top machinery and equipment appraiser, will work with you to perform a machinery and equipment appraisal. Click the link below or call 435-359-2684 to schedule a free consultation.
Reasons to Order a Machinery and Equipment Appraisal
Peak Business Valuation, top machinery and equipment appraiser, conducts appraisals for a variety of reasons. Whether you are a business or lender ordering a machinery and equipment appraisal we can help. Below are some of the common reasons to order a machinery and equipment appraisal.
» SBA Lending and SBA Financing
>> Selling equipment
>> Purchasing a business
>> Selling a business
>> Partnership dissolutions
>> Asset-based lending
>> Estate planning
>> Property taxes
Depending on the need, our machinery and equipment appraisal reports follow the rules set by USPAP and the SBA. We make sure that our equipment appraisals meet these requirements.
What is the process for ordering a machinery and equipment appraisal?
The process for ordering a machinery and equipment appraisal is fairly simple. To order a machinery and equipment appraisal, click the link below or call 435-359-2684. Through a consultation, we determine the scope of the project, pricing, and turnaround time. We then send an engagement letter providing all the details of the machinery and equipment appraisal. Once you engage with Peak Business Valuation, we will collect the needed documentation and site inspection if needed.
Information Needed for a Machinery and Equipment Appraisal
The information Peak Business Valuation needs to perform a machinery and equipment appraisal includes the year, make, model, condition, and serial number of each asset. It is also essential to provide any documentation showing the purchase price and maintenance records of the asset(s).
Depending on the need and the scope of the appraisal, Peak Business Valuation, top machinery and equipment appraiser, will schedule a site visit to inspect the assets. During this visit, we will take notes and pictures. In addition, we will ask questions to ensure we have all the information to produce an accurate appraisal report.
After the visit, a valuation expert will analyze the data and prepare a report that outlines the value of the equipment. This report will also include a summary of the valuation methods and a description of the assets. This report is a machinery and equipment appraisal report.
Finally, we will provide you with the machinery and equipment appraisal report. We can then answer any questions you have about the value of the assets. To get started with Peak Business Valuation, top machinery and equipment appraiser, schedule a consultation below.
Two different types of machinery and equipment appraisals
Summary Machinery and Equipment Appraisal Report:
A summary appraisal report estimates the value while following USPAP guidelines. The appraiser conducts an onsite visit to the location of the equipment and reports the values for each asset.
During the onsite visit, the appraiser confirms the location of the assets and records their details such as age, make, model, and serial number. The appraiser also checks if the assets are in good working condition and well-maintained.
Desktop Machinery and Equipment Appraisal Report:
A desktop appraisal report is another type of restricted-use appraisal report according to the USPAP guidelines. Clients order it when visual identification of the equipment is not required. It does not include a site inspection.
To prepare a desktop report, you provide us with a description of the equipment and any available pictures. An equipment appraiser then uses this information to determine the equipment’s value
Desktop reports are suitable for standard equipment and when it is possible to get more information from personnel. It is also useful when the existence of the equipment is spread across different locations.
Peak Business Valuation will help you determine which type of machinery and equipment appraisal report type you need. To order a machinery and equipment appraisal, click the link below or call 435-359-2684. Peak Business Valuation is a top machinery and equipment appraiser for businesses and lenders across the country.
How are appraisals Performed?
Appraisals use three primary methods:
sales comparison, cost, and income methods.
Sales Comparison Method:
When using the sales comparison method, we study the market for new and used equipment to determine pricing for that asset. We may refer to manufacturers, dealers, auction houses, or trade publications for pricing insights. The equipment’s age, condition, and remaining life are also considered to generate a pricing estimate.
The cost method is used for unique or customized equipment with little market demand. The replacement cost takes into account the machine’s depreciation, remaining life, and condition.
The income method is used when a piece of equipment is connected to the revenue stream and yields contributions that can be tracked. This method values the equipment at the level of income it provides.
What industries has Peak Business Valuation appraised equipment in?
Peak Business Valuation, top machinery and equipment appraiser, has experience performing machinery and equipment appraisals for the following:
- Boring mills
- Warehouse equipment
- CNC machines
- Laser machines
- Woodworking machinery
- Welding machinery
- Surgical equipment
- Dental equipment
- Physical therapy equipment
- Veterinary equipment
- Chiropractic care equipment
- Cardiology equipment
- Endoscopy equipment
Food and Hospitality equipment:
- Bakery equipment
- Bar and grill appliances
- Restaurant machinery
- Food processing equipment
- Hotel and resort furniture and fixtures
- Spa and tanning salon equipment
- Sporting goods
- Fitness equipment
- Amusement park rides
Construction and Heavy equipment:
- Water equipment
- Skid loaders
- Crawler loaders
Hi-tech and General equipment:
- Auto repair equipment
- Furniture and fixtures
- Landscaping and lawn care machines
- Pest control equipment
- Photography gear
- Office equipment
- IT and networking devices
- Phone systems
- Retail store fixtures
- Equipment used in warehousing
Transportation and Logistics equipment:
- Automotive vehicles
- Compressed natural gas transport equipment
- Fleets of vehicles
- LNG and CNG-powered trucks
- Signaling equipment
- Rolling stock
- Semi tractor trucks
- Water trucks
- Garbage trucks
- Cargo van trucks
- Flatbed trucks
- Moving van trucks
- Mixer trucks
- Pickup Trucks
If you do not see a piece of equipment above, contact us to discuss your appraisal needs. To request a machinery and equipment appraisal from Peak Business Valuation, top machinery and equipment appraiser, click the link below or call 435-359-2684. We are a highly regarded appraiser for machinery and equipment appraisals.
Peak Business Valuation’s Machinery And Equipment Appraisal Accreditation
At Peak Business Valuation, our machinery and equipment appraiser holds the CMEA accreditation. Certified Machinery and Equipment Appraiser (CMEA) – a CMEA professional has the expertise and certification to conduct machinery and equipment appraisals.
What is an equipment appraisal?
An equipment appraisal is an assessment of the value of a company’s equipment and machinery.
Why do I need an equipment appraisal?
An equipment appraisal can help you determine the value of your equipment for various purposes, such as insurance coverage, tax reporting, business transactions, and loan applications.
Who can perform an equipment appraisal?
An equipment appraisal should be performed by a qualified appraiser who has the necessary training and expertise in the specific type of equipment being appraised. Peak Business Valuation is a certified machinery and equipment appraiser. (CMEA)
How long does an equipment appraisal take?
The length of an equipment appraisal can vary depending on the complexity and scope of the appraisal, but it typically takes several days to complete.
How much does an equipment appraisal cost?
The cost of an equipment appraisal can vary depending on the type and amount of equipment
being appraised, as well as the appraiser’s fees and travel expenses. It is important to get a detailed
estimate of the cost before proceeding with an appraisal.
If you are needing a machinery and equipment appraiser, Peak Business Valuation is here to help. We perform machinery and equipment appraisals for businesses across the country. Schedule a free consultation today to get started!