All of our appraisal and consulting services conform to the Uniform Standards of Professional Appraisal Practice and can be tailored to serve a variety of business purposes.
Most any budget and timing can be accommodated by adapting the depth of analysis and length of reporting. If the scope includes full inspections, turn around times of 21 to 30 days are reasonable for portfolios in the hundreds of units. Desktop / evaluation assignments can be delivered in days. The keys to our fast response are focus, technology, and experience. In addition, our Midwest HQ allows us to be the industry’s low cost producer while affording quick response.
Hopkins Appraisal Services approaches retail petroleum and restaurant valuation from a real estate perspective and from a business perspective. Convenience stores and restaurants are businesses that include real estate. Few, if any, appraisal firms are comfortable with the business dynamics of the fuel trade and restaurant industry, and with understanding the specialized aspects of the real estate and equipment. We certainly offer a traditional real estate valuation. We can also give consideration to the business enterprise with allocations to land, building, equipment, and business intangible.
We can value one unit, a portfolio of units, or a company. Company appraisals include jobbers (fuel distributors), a restaurant franchisor with royalty stream, or franchisee including development rights.
Purposes served include the following:
Facility remodeling or expansion
Purchase price allocation – ASC 805
Impairment testing – ASC 360
Goodwill impairment – ASC 305
Lease accounting – ASC 840