BVResearch Pro
Stay appraised of all the latest business considerations in the jewelry industry! The report explains how jewelry stores operate, the nature of their revenue streams, value drivers, the industry environment, the risks involved, and other key factors.
Search Tips Expand the following panels for additional search options.
Valuing Wineries in 2018—An Update
2018 will be a good year … to learn about valuing wineries. Join valuation experts Keith Meyers and Chris Meineke as they explain the nuances of this industry, including slow inventory turns, high capital requirements, and specialized laws controlling the production and sale of alcoholic beverages. Take advantage of their wealth of experience performing valuations in the top wine regions in the U.S. Join us for a full case study, and learn to appreciate the ...
What It's Worth: Winery Value
May 2016 PDF (91 pages)
Business Valuation Update Yearbook 2015
February 2015 978-1-62150-048-3 PDF
Making Sense of Confusing Definitions When Applying Standards of Value
Determining and applying the proper standard of value is essential to any valuation. All valuers are familiar with the common standards—fair value, market value, and fair market value. Yet contradictions abound, and making the right choice is not always easy even for the experienced practitioner. A business valuation that applies an inappropriate standard of value can be misleading and lead to adverse consequences for both valuers and their clients.
Special Considerations in Valuing Wineries
While many are familiar with the production methods, business models, and distribution goals of beverage manufacturers, the valuation of wineries is often complex. Join valuation expert Keith Meyers as he explains the nuances of this industry, including slow inventory turns, high capital requirements, and specialized laws controlling the production and sale of alcoholic beverages. Take advantage of Meyers’ abundant experience performing valuations in the top wine regions in the U.S. and enjoy this summer treat ...
Valuing Wineries and Breweries
In this special installment of BVR's Industry Spotlight Series, we relax into summer with a tall, cool, refreshing look at an industry whose products we all know. While many are familiar with the production methods, business models, and distribution goals of wineries and breweries, their valuations involve often complex considerations not readily apparent to the casual observer. Join valuation expert Jim Andersen as he explains the nuances that make these valuations so challenging. Take advantage ...
Unique Aspects of Wineries Make Valuation a Challenge
Wineries are similar to other manufacturing businesses in many ways because they convert raw materials (grapes) into a finished product (wine). The finished goods are sold to the end user either through a distribution network or directly. However, winerie ...
Valuing Winery Losses—Understanding the Process and Addressing Common Issues
Winery losses present unique challenges, and it can be easy to encounter issues when evaluating them. The goal of this session is to provide attendees with enough background on the winery industry and winery losses in order to know the right questions to ask when dealing with them. This program will cover an overview of the typical kinds of winery losses, a high-level walk-through of the winemaking process, the crucial variables when it comes to ...
Valuation Q&A: Andersen Looks at Valuing Start-Up Wineries, Minority Interests, and Discounts for Personnel
At a recent well-attended BVR webinar on valuing wineries and breweries, speaker James Andersen, a 30-year veteran of winery valuations, fielded questions on valuing start-up wineries, minority interest, and discounts for personnel. Here’s a rundown of so ...
Harvesting Knowledge: The Valuation of Wineries
A winery is a unique business that is easy to understand but difficult to value. This presentation will dig into the anatomy of a transaction and how deals are priced and closed as well as the valuation of a winery for compliance purposes. These different scopes of work present different challenges that focus on a buildup of value and assets combined with a fundamental understanding and value of consolidated cash flows. We will present two ...
Global BV News: Trademark values for wineries
Vineyards and wineries do not face easy circumstances to build strong brands.
The Market Approach Today: Deciphering Messages From Markets, Courts, and Common Appraisal Errors
You would be forgiven for viewing this as the age of the income approach. While increased scrutiny through scholarship and judicial decision has raised the income approach to new prominence, a turbulent economy and tempestuous public markets have caused some appraisers to shy away from the market approach. But keep in mind: No valuation is complete without thorough analysis, and market evidence appears throughout the valuation process. In The Market Approach Today: Deciphering Messages From Markets ...
What Opportunities Can Exit Planning Provide?
Join Vanessa Brown Claiborne and G.F. Gay Le Breton (both of Chaffe & Associates Inc.) for this must-attend webinar on the opportunities that exit planning can provide for valuation professionals. The experts will cover what tools are available for exit planning and what benefits it can provide to you, your clients, and their companies. With a practical case study, you’ll have a head start on adding exit planning as a service in 2018.
Valuing Craft Breweries
The valuation profession was born in the age of prohibition, and the recent craft beer explosion takes us back to our roots. It’s coming full circle, and it is all about the beer! According to the Brewers Association, the number of brewers has been steadily increasing, from just over 600 in 1994 to more than 2,800 in 2013. Join expert appraiser Courtney Sparks White for insight on the value drivers specific to craft breweries, along ...
Time to Abandon Discounted NAV? Why the Income Approach Should Be the Cornerstone for Valuing All Private Minority Interests
Conventional appraisal wisdom says that the value of a noncontrolling, illiquid interest in a private company or holding company is the net equity or net asset value, discounted for lack of control and lack of liquidity. But is this how markets for these types of interests really work? What are the problems with this indirect approach, and is there a better way? In this presentation, Eric Nath will systematically dismantle the conventional wisdom down to ...
Subsequent Events
The experts discuss standards for managing subsequent events, judicial precedents and guideline cases, the practicality of solutions to subsequent event problems, and the dangers of "known, knowable, and foreseeable." This is a must for any appraiser whose valuation report or testimony could be skewed by events after the fact.
Insights and Intel on the Cannabis Industry
Join Ryan Cram and Ron Seigneur for a lively discussion of the current and emerging landscape for business valuation analysts and other professional advisors to the cannabis sector with a focus on the risks and rewards of being involved in the cannabis industry drawing on over 20 combined years of industry experience working marijuana and hemp/CBD clients throughout the country, both large and small. Explore the unique nuances associated with business and intellectual property appraisal ...
Valuing Real Estate Centered Entities in 2023
A review of the problems business appraisers and analysts see in companies holding substantial amounts of real estate, often necessary to run the business and produce cash flow. Discussion will focus on understanding and incorporating real property appraisal conclusions including an intangible asset and how to test those findings with business valuation evidence ...
Defining, Measuring & Defending Discounts for Lack of Liquidity
Teleconference Presentation and Transcript April 25, 2007 Moderator: Shannon Pratt, President of Shannon Pratt Valuations Speakers: Ashok Abbott, Professor of Finance at West Virginia University Rob Schlegel, Principal with Houlihan Valu ...
Succession Planning and Exit Strategies: Challenges and Opportunities Today
Not to mix analogies, but a tsunami of valuation opportunities is upon us, and your window of opportunity may be closing faster than you realize. We are referring, of course, to the impending retirements, sales, and bequests that are the result of an aging baby-boomer generation as they prepare to leave their businesses behind for the later stages of life. Though this surge of business appraisal and valuation work has long been on the horizon ...
Measuring, Documenting, and Defending the Company-Specific Equity Risk Premium Selection
Join Robert Reilly and Connor Thurman for a dive into the theoretical basis for including a company-specific equity risk premium (CSRP) in the analyst’s cost of equity capital measurement analysis. Learn about measurement procedures and documentation procedures that the analyst may need to perform in the CSRP selection analysis. Also attendees will receive guidance to aid the analyst in the defense of the CSRP selection in a litigation context. Get the best practices you need ...
Key nuances of valuing wineries
When valuing a winery, experts should generally approach it as they would any other manufacturing process—with a few key differences, explains Keith Meyers.
Winery Valuations: Six Questions to Ask When Analyzing Operations and Cash Flows
There are many issues to consider before taking on a winery valuation engagement. Plus, there’s a valuation angle that can trigger big tax savings.
BVU News and Trends April 2018
A monthly roundup of key developments of interest to business valuation experts.
SBA Inflames Real Estate and BV Turf War
There has always been a potential turf battle between real estate and business appraisers over who does what in certain types of engagements. For example, should real estate appraisers value not only the land, but also the golf course, the winery, or the ...