LLeading Equipment and Machinery Appraisers
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LLeading Equipment and Machinery Appraisers |
Machinery and Equipment Appraisal Services |
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Why Would You Need an Appraisal? There are many times in the life of a business that a Certified Equipment Appraisal is either required or highly desirable. Lenders, bankers, brokers and other decision makers depend upon BBNY Machinery & Equipment Appraisals for accurate, timely machinery and equipment appraisals, such as those shown below and also to establish asset-based lines of credit or operating capital:
Business owners, attorneys, bankers, bank examiners, CPA’s, and courts ask
the same question, “What’s it really worth? Is there goodwill? Do only the tangible assets of your business have value? If Estimating the true market value of your machinery and equipment at any given time requires the specialized skills of a professional who has the expertise and certification to determine its true fair market value. Whether you need to know the fair market value or other standards of value such as liquidation value, salvage value or replacement cost, doesn’t it make sound financial sense to obtain acredible Certified Appraisal Report that holds up under scrutiny with financial institutions, government agencies, buyers, sellers, shareholders or partners? In today’s volatile economic environment, executives need accurate and timely information regarding valuation of commercial and industrial machinery and equipment. Our highly experienced staff provides machinery and equipment valuation and advisory services for machinery and equipment used in industrial, commercial and institutional applications. Users of our services include financial institutions, attorneys, insurance companies, accounting firms, other appraisal firms, business brokers, government agencies, prospective buyers, as well as independent business owners, officers, and managers. BBNY can develop certified appraisals that provide: Industry Coverage BBNY provides appraisal services for machinery and equipment assets in a wide range of industries: Our Appraisal Services BBNY provides Appraisals of Machinery and Equipment, as well as Business Valuations for an entire enterprise. Our valuations are in conformance with the Uniform Standards of Professional Appraisal Practice (USPAP). Our reports vary from a comprehensive self-contained appraisal and property inventory down to a restricted use analysis.
Our fees for appraisal services are competitive, based on the time and expense related to a particular assignment. They are generally on an agreed contract price, including or plus all expenses, but can be on an open per-diem basis, plus travel, report production and delivery expenses. Third party inquiries, pretrial conferences and expert testimony are not included in the appraisal contract price, and are charged separately on a per diem basis, plus travel and other related expenses. Whether signing a new loan or lease, or managing a portfolio account, the due diligence tools of appraisals and inspections can be used to assess collateral before and after a deal is signed. Near end of term, the borrower and lender alike receive the benefit of disposing of excess or dated inventory they might take a loss on later. Our objective is to provide accurate, in-depth information upon which you can rely to make informed decisions concerning your machinery and equipment. We achieve this objective by applying our professionalexperience and knowledge of the industry and market trends. Through networking arrangements, can provide a full scope of valuation services to evaluate whole plants, process lines and single pieces of equipment for all major industries, financial institutions and government agencies worldwide. As you can expect from a client driven firm, BBNY Machiery & Equipment Appraisal Services continues "after-the-sale". We are at your service before, during and after the report is delivered to answer questions, provide feedback or just be available for our clients.
BBNY take several factors into account when evaluating equipment, including manufacturer, make, model, year of manufacture, accessories, optional equipment, market demand, market availability, obsolescence, current economic conditions, and, of course, the machine or equipment’s condition. In Place valuations may include costs of transportation, rigging, foundation, installation, electrical, mechanical, and hydraulic, andpneumatic BBNY will work closely with you, learning your exact value classification needs and appraisal requirements. After evaluating current worldwide market conditions, we will provide you with precise, industry-specific appraisal valuations. Your final machinery equipment appraisal report will be customized for your needs. Our Credentials BBNY's associates are members of the National Equipment and Business Brokers Institute and Certified Equipment and Machinery Appraisers (CMEA). They provide appraisals that are in conformance with the Uniform Standards of Professional Appraisal Practice (USPAP) as promulgated by the Appraisal Foundation. USPAP was created as part of the Financial Institutions Reform, Recovery and Enforcemant Act of 1989. NEBBI Appraisers are involved in the buying and selling of used machinery and equipment and business enterprises. Additionally, our ongoing involvement in the sale of machinery and equipment, as well as business enterprises, enables us to access constant up-to-date sources for machinery and equipment and business values with a full understanding of today's complex marketplace. If you are seeking a qualified opinion of value when lending, buying, selling, or insuring machinery and equipment make sure you are getting the most professional service available. Contact a BBNY NEBBI certifie Appraiser to ensure you are getting the best service possible. The Approaches to Value Market Research This approach involves collection of market data pertaining to assets being appraised. Also known as the "Comparison Sales Approach". The primary goal of the market approach is to determine the desirability of the assets and recent sales or offerings of similar assets currently on the market in order to arrive at an indication of the most probable selling price for the assets being appraised. If comparable sales are not exactly similar to the asset being appraised, adjustments must be made to bring them as closely in line as possible with the subject property. Cost Approach This approach is based on the proposition that the informed purchaser would pay no more for a property than the cost of producing a substitute property, assuming the same utility as the subject property. It considers that the maximum value of a property to a knowledgeable buyer would be the amount currently required constructing or purchasing a new asset of equal utility. When subject asset is not new, the current cost must be adjusted for all forms of depreciation as of the effective date of the appraisal. Income Approach This approach considers value in relation to the present worth of future benefits derived from ownership and is usually measured through the capitalization of a specific level of income. This approach is the least common approach used in the valuation or appraisal of machinery and equipment since it is difficult to isolate income attributable to such assets. Depreciation Defined as the actual loss in value or worth of a property from all causes including those resulting from physical deterioration, functional obsolescence, and economic obsolescence. Physical Deterioration Form of depreciation where the loss in value or usefulness of an asset is attributable solely to physical causes such as wear and tear and exposure to the elements. Functional Obsolescence Form of depreciation where loss in value is due to factors inherent in the property itself and due to changes in design, or process resulting in inadequacy, over capacity, excess construction, lack of functional utility, or excess operating costs. Economic Obsolescence Form of depreciation, or loss in value, caused by unfavorable external conditions. These can include such elements as industry economics, availability of financing, loss of material and labor sources, passage of new legislation, and changes in ordinances. Standards and Ethics BBNY appraisals are governed by the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation, establishing uniform qualifications criteria for professional appraisers, and by the National Equipment and Business Brokers Institute, which adheres to the Code of Ethics of The American Society of Appraisers. Confidentiality BBNY adheres to strict standards of confidentiality in all aspects of the appraisal process. We place the highest regard on protecting the integrity of your data and information and will never sell our data to other individuals or companies or share information about our clients with any third parties. We are required by NEBBI (National Equipment and Business Brokers Institute) and USPAP’s (Uniform Standards of Professional Appraisal Practice) Code of Ethics to retain each assignment for a period of no less than 5 years. During that time and thereafter we will never divulge or discuss your assignment with anyone. Nor will we ever use your name in any corporate advertising or provide you as a reference without your prior written consent. BBNY Promise BBNY offers competitive rates and provides a free quotation of all appraisal fees and terms before we begin your appraisal. Our expert valuations have been consistently judged to be accurate appraisals of worth. We confidently stand by our work. Professional appraisers have a minimum of 50 years of combined industry experience. Professional appraisal staff constantly reviews appraisal results. Research includes discussion with outside professionals, other appraisers, generally accepted valuation sources, used and new equipment dealers and manufacturers, various market and statistical publications, internal and external databases. Please contact us at 585-624-7998 or Email to discuss which type of appraisal value is best suited to your individual needs as well as the associated cost. All matters are held in strict confidence. Machinery and Equipment Search Database 
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so, how are those assets valued? Book value (not accurate), or worse yet, do you guess or take the word of an individual that is not certified to provide compliant appraisals?
The latter, though less expensive, provides a substantial platform for specific corporate
decisions that do not demand the leng their manuscripts, with a full complement of documentary support data and/or complete inventory
listings. The time required can range from a week to ninety days after authorization to proceed, depending upon the complexities or size of the particular endeavor. The different types of analyses are outlind below: 
This professional activity across the spectrum in the machinery and equipment marketplace gives
the BBNY Appraisers first hand understanding of the dynamic economic swings in the industry, which influence machinery values. The
importance of clearly understanding equipment values has never been greater than in today's highly competitive
market. BBNY provide accurate, confidential and timely appraisals for a multitude of business needs.
