Going Concern Properties

Going Concern Properties

The appraisal of many operating properties is not as simple as valuing the underlying real estate. Where a substantial portion of the value of a business asset is in the real estate, real estate appraisers are increasingly called upon to value the going concern component of the asset.

Much of what passes for real estate is not real estate at all. Real estate is “bricks and sticks”, while business is labor relations and risk management. Business is business. Real estate is real estate.

The challenge in appraising a going concern asset arises when the business is closely tied to the real estate from which it operates. More often, the components of real estate, personal property, and business enterprise value (“BEV”) are part of one package. All contribute to value. Their combination is the “going concern”.

NVC’s team of seasoned appraisers can work to separate the two values and deliver an accurate assessment of both components of a going concern asset.

Recently completed going concern property assignments:

Property Name
Location
Property Type

Gas Station Portfolio
East Coast – US
51 Gas stations &
C stores
.
.
.
Celebrity Lanes
Centennial, CO
Bowling &
entertainment center
.
.
.
Five Seasons Sports Clubs
Several throughout Ohio
Health clubs
.
.
.
The Ice Ranch
Littleton, CO
Hockey arena
(2 rinks)
.
.
.
Waterway Gas and Wash Portfolio
Kansas & Missouri
Gas stations &
Car washes
.
.
.
Veterinarian Clinic
Westminster, CO
Animal hospital
.
.
.
FORZA Fitness Club
Denver, CO
Athletic club
.
.
.
Horan & McConaty
Lakewood, CO
Mortuary
.
.
.
Conoco / 7-11
Denver, CO
Gas station &
C store
.
.
.
Mile High Flea Market
Henderson, CO
Flea market
.
.
.
Green Park
Commerce City, CO
Airport
parking facility