Business Appraisal Fee Schedule

 Effective June 30, 2001
Prices Subject to Change Without Notice

Very Small Business (Typically with Annual Sales up to $500,000)

Calculations

Calculations consist of a review of the company's financial information and application of various appraisal methods to determine an approximate value for the business.  A calculation report is often all that is required for those considering the purchase or sale of a business.  A range of possible values is generally indicated.  Many of the required steps for a business appraisal are omitted.  If any litigation is contemplated, calculations are inappropriate.

Summary Report

A summary report includes all of the work done for a comprehensive report but the actual report omits the explanation of many of the steps that are required for a comprehensive report.  Summary reports are generally prepared for users that need a specific value but not a detailed explanation of how the value was derived.  If any litigation is contemplated or if the report must be filed with the Internal Revenue Service, a comprehensive report is generally required.  

Comprehensive Report

Includes Site Visit(s), Management Interviews, Economic and Industry Analysis, Analysis of the Business, Financial Analysis of the Business, and Valuation of the Subject using a Variety of Approaches but not including the Guideline Company Approach typically used for larger businesses.  Report typically runs forty pages plus exhibits.

Plus Out-Of-Pocket Expenses not to exceed $350 without prior written permission for items such as Industry Surveys.

Small to Medium Size Business (Typically with Annual Sales between $500,000 and $1,500,000)

Calculations

Calculations consist of a review of the company's financial information and application of various appraisal methods to determine an approximate value for the business.  A calculation report is often all that is required for those considering the purchase or sale of a business.  A range of possible values is generally indicated.  Many of the required steps for a business appraisal are omitted.  If any litigation is contemplated, calculations are inappropriate.

Summary Report

A summary report includes all of the work done for a comprehensive report but the actual report omits the explanation of many of the steps that are required for a comprehensive report.  Summary reports are generally prepared for users that need a specific value but not a detailed explanation of how the value was derived.  If any litigation is contemplated or if the report must be filed with the Internal Revenue Service, a comprehensive report is generally required.  

Comprehensive Report

Includes Site Visit(s), Management Interviews, Economic and Industry Analysis, Analysis of the Business, Financial Analysis of the Business, and Valuation of the Subject using a Variety of Approaches including the Guideline Company Approach typically used for larger businesses.  Report typically runs sixty pages plus exhibits.

Plus Out-Of-Pocket Expenses not to exceed $500 without prior written permission for items such as Industry Surveys.

Medium to Larger Size Business (Typically with Annual Sales over $1,500,000)

Calculations

Calculations consist of a review of the company's financial information and application of various appraisal methods to determine an approximate value for the business.  A calculation report is often all that is required for those considering the purchase or sale of a business.  A range of possible values is generally indicated.  Many of the required steps for a business appraisal are omitted.  If any litigation is contemplated, calculations are inappropriate.

Summary Report

A summary report includes all of the work done for a comprehensive report but the actual report omits the explanation of many of the steps that are required for a comprehensive report.  Summary reports are generally prepared for users that need a specific value but not a detailed explanation of how the value was derived.  If any litigation is contemplated or if the report must be filed with the Internal Revenue Service, a comprehensive report is generally required.  

Comprehensive Report

Includes Site Visit(s), Management Interviews, Economic and Industry Analysis, Analysis of the Business, Financial Analysis of the Business, and Valuation of the Subject using a Variety of Approaches including the Guideline Company Approach typically used for larger businesses.  Report typically runs eighty pages plus exhibits.

Plus Out-Of-Pocket Expenses not to exceed $500 without prior written permission for items such as Industry Surveys.

Pre-litigation Planning & Court Testimony          $125 per hour -- Court Testimony payable in advance at $500 per half day.

Consulting Services          $125 per hour. 

Sample Business Valuation Reports
Available Upon Request

List of Appraisal and Business References

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