What is a machinery and equipment appraisal?
A machinery and equipment appraisal is an independent written opinion of what your equipment is worth under a stated value premise, such as fair market value or orderly liquidation value. It documents the assets, their condition, the methods used and the comparable sales behind the value.
What is the difference between fair market value, orderly liquidation value and forced liquidation value?
The difference is how much time there is to sell. Fair market value assumes a willing buyer and seller with normal time on the market. Orderly liquidation value assumes the equipment must be sold but with a reasonable period to market it. Forced liquidation value assumes a quick sale, usually at auction, with limited time to find buyers.
Are your appraisals USPAP-compliant?
Yes. Every report is developed and reviewed by senior appraisers holding the ASA and CEA designations, in line with the Uniform Standards of Professional Appraisal Practice (USPAP).
How long does an equipment appraisal take?
It depends on the number and type of assets and whether an inspection is needed. As one example, we inspected a 180-asset, 90,000 square foot plant on a Tuesday and delivered the signed report the following week. We agree on a timeline before we start.
How much does an equipment appraisal cost?
Fees are quoted based on the scope of each assignment, including the quantity and type of assets and how many Branford professionals the project requires. We offer competitive fees with timely, accurate reports.
What is a desktop appraisal?
A desktop appraisal identifies and values equipment without an on-site inspection. The appraiser relies on the asset list, photos and documentation provided by the company. It is often faster and suits smaller asset groups or updates to a recent appraisal.
What information do you need to start?
Tell us the purpose of the appraisal, who will rely on it and the value premise you need. An asset list with make, model, serial number and year helps, along with the equipment location and any photos. If you do not have a list, our appraisers can build one on site.
Do you appraise inventory as well as equipment?
Yes. Branford Valuations, LLC prepares machinery and equipment and inventory valuations for financing, accounting, tax, insurance, mergers and acquisitions, litigation support and business decisions.
Do you appraise equipment outside Connecticut?
Yes. Our headquarters is at 896 Main St, Branford, Connecticut, with offices in Boston, Charleston, Houston, Providence, San Francisco and San Diego, and our appraisers work on assignments across the United States and internationally.