Hospitality Business Valuations
Hospitality business valuations covers several areas of valuation expertise. A restaurant valuation is different from a cafe valuation, a tavern valuation is different from a small bar valuation, a hotel valuation is different from a motel valuation, a caravan park valuation is different from a bed n breakfast valuation.
Why? the most obvious differential is the different type of license required to trade and of course the pre requisites for these licenses will vary form city to city and state to state.
For example, a small bar license is a new license category in Perth, but on the Gold Coast there are completely different licensing rules. The business valuation will need a local expert valuer who understands the local complexities involved in operating a hospitality business.
Of course an expert Business Valuer shoiuld also have access to the key benchmarks such as wage costs and occupancy costs as a percentage of sales. Gross profit operating margins are also key areas of scrutiny for a business valuer to examine when determining the market value of a hospitality business.
To discuss the hospitality business valuations requirements of your particular situation contact the Business Valuer Network co ordinator Graham O'Hehir on 1300 634 588 or email Graham on firstname.lastname@example.org
Hospitality business valuations are a specific valuation skill set and you should not entrust your hospitality business valuations to a real estate valuer or a business valuer if they do not have the relevant hospitality business valuations skill set or the most current hospitality business valutions market evidence.
For advice on hospitality business valuations call Business Valuer Network.