As the costs of opening a restaurant and running it profitably continue to climb, restaurateurs need to be as certain as possible that the kind of operation they envision has legitimate potential for success at a particular site. One way to find out is by conducting a feasibility study. More than a site-location study, this approach involves gathering and analyzing a great deal of information, from demographics to design, which helps operators make a better-informed decision about the pot...
August 14, 2012 12:00 am
Lenders are required to substantiate equipment values to safisfy the U.S. Small Business Administration (SBA) and Bank Examiners. CPAs are also required by the IRS to substantiate equipment values to satisfy the Pension Protection Act of 2006 and AICPA Standards of Valuation #1.
July 31, 2012 12:00 am
A feasibility study examines the practicability of a proposal, business venture or idea. The principal function of this is to determine if the project will continue or not. In business, feasibility studies work in a number of reasons.
July 30, 2012 12:00 am
Where is the demand for Agricultural Equipment headed? Here at Truman Mox we are seeing the demand for Agricultural Equipment stays steady as supply increases. The Midwest states of Ohio, Indiana, Iowa, Oklahoma, Texas, Missouri, Nebraska, Arkansas, Illinois, Wisconsin, Michigan, Tennessee, Kentucky and West Virginia are seeing record dry spells.
July 27, 2012 12:00 am
There are many reasons to obtain a Certified Equipment & Machinery Appraisal. Here is a brief list of the top reasons equipment appraisals are obtained. Loans – More banks are relying on certified equipment and machinery appraisals to justify loan decisions for portfolio loans.
July 26, 2012 12:00 am
Often we get calls into the office wanting to know if we will travel for an assignment. And we always stress to all our customers that we will due the necessary tasks to get the job done! And if that includes traveling we are happy to do so.
July 24, 2012 12:00 am
Extremely important, a feasibility study focuses on answering the essential question in regards to proceeding with a proposed project. All aspects of the study are directed toward helping answer this question. Feasibility studies can be used in many industries such as hotels, hospitality, convention planning, agricultural and restaurants to name a few.
July 20, 2012 12:00 am
Truman Mox recently completed a medical equipment appraisal assignment appraising over 200 pieces of medical equipment and FF&E for an independent hospital that is merging with a larger counterpart. Mergers of smaller hospitals with larger hospitals will become more common place in the next few years as health care costs continue to rise and small independent hospitals are finding it harder to provide quality healthcare while they prepare for changes in the way hospitals will be reimb...
July 19, 2012 12:00 am
What does every banker dread? Both their external exam by their hired third party Certified Public Accounting Firm and their annual Federal Exam, whether from the FDIC or Office of Thrift and Supervision (OTS). In the banking market today it is more important than ever to substantiate values you are placing on your collateral.
July 17, 2012 12:00 am
