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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.
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Economy, Cannabis, Physician Pay, SPACs, and Expert Testimony Among the Hot Topics at the NJCPA BV Conference
Key takeaways from the 2021 New Jersey CPA Society’s Business Valuation and Litigation Services Conference are included.
Latest Techniques to Sort Out the Complexities of Brand Valuation
The most visible and recognizable intangible asset for a firm is its brand. A brand contains legal protections that trigger value. But knowing how to quantify the latter in view of the former can be perplexing to even the most experienced valuation profes ...
Opportunities and Special Considerations in the Valuation of Hotels
No longer the exclusive domain of real estate appraisers, hotels offer a unique challenge and opportunity for business valuation experts. Industry expert Mark Dayman (Franintel Inc.) offered his insights during a recent webinar into this niche that draws ...
BVU Profiles: When a Law Firm Gets Caught Up in Divorce: An Attorney and an Appraiser Compare Notes
Sylvia Golden, legal editor at Business Valuation Resources, interviews business valuator Stuart Rosenberg, a partner in Aronson LLC’s Forensic & Valuation Services group, and attorney Sanford K. (Sandy) Ain, a principal and cofounder of Ain & Bank. They ...
BVU News and Trends May 2019
A monthly roundup of key developments of interest to business valuation experts.
The Market Price of Risk: Quantifying a COVID-19 Equity Risk Premium Using High-Yield Bond Pricing
The authors demonstrate how a high-yield option-adjusted spread is used when doing appraisals of private companies while considering the market volatility and economic slowdown caused by the COVID-19 pandemic.
BVU News and Trends December 2020
A monthly roundup of key developments of interest to business valuation experts.
Hot Topics at the 2022 VSCPA Forensic and Valuation Conference
It was back to in-person attendance at the 22nd annual Forensic and Valuation Conference hosted by the Virginia State Society of CPAs. Topics included the income approach, effective recruiting, reasonable compensation, guideline transactions, surviving cross-examination, IRS developments, and a “Hardball With Hitchner” session that covered some front-burner issues.
SPECIAL SUPPLEMENT: Valuation Experts Clash Over Analysis of Transactional Data
Listeners to a webinar on the use of the BIZCOMPS database have taken issue with a number of points presented, including stratifying the data, filtering, the R-square coefficient, harmonic mean, minimum number of transactions, the elimination of outliers, market multiples, and more.
The Implied Private Company Pricing Model (IPCPM) Ko = (FCFF1 / P) + g
Editor’s Note: The authors have developed a model designed to be more reliable than the build-up method for estimating the cost of capital of a small privately held business. This model uses the authors’ new Implied Private Company Pricing Line 2.0 (IPCPL ...
Quantifying Company-Specific Risk: A New, Empirical Framework With Practical Applications
In this article, the authors have refined their earlier work1 by providing a detailed example of how to select a company-specific risk premium (CSRP) for a privately held company using benchmark CSRPs derived from guideline publicly traded companies.
How Should You Value Closely Held Businesses During these Crazy Times?
If you think keeping up with the tax laws or international standards is challenging, try valuing closely held businesses when Wall Street is going nuts. Everywhere we look, BV analysts are trying to figure out what to do when valuing a business in this ec ...
Turnkey Value of Restaurant Rejected When No Security Interest Was Taken in the Business or Its Goodwill
The Illinois Court of Appeals, 3rd Division, affirmed the lower court's valuation of collateral.
Misrepresentation Claim Defeated When Buyer Performed Some Independent Due Diligence
The Tennessee Court of Appeals agreed with the trial court that March did not misrepresent the restaurant's income in connection with her sale of the restaurant.
Bruning v. Bruning
At issue is the valuation of couple's restaurant.
Joe Garavelli's Restaurant, Inc. v. Colonial Square Associates, L.P.
The Missouri Court of Appeals affirmed the jury's determination of damages in this breach of lease agreement matter.
Elements of Control Captured in the Normalization Process
The New York Supreme Court, IA part 15 considered the valuation of the famous restaurant—Tavern on the Green.
Out-of-Pocket Damages Computed in Fraud Case
The California Court of Appeals affirmed in part and reversed in part a damage award in a fraud action involving a liquor license and a restaurant lease.
Evidence of Overhead Expenses Required to Uphold Calculation of Partnership’s Profits
The Missouri Court of Appeals, Eastern District, reversed a jury's award of damages for breach of an agreement to share profits from a restaurant/lounge.
Trial court's valuation upheld regardless of expert valuations
This appeal arose from the Bruning marital dissolution. One of the issues appealed concerned the valuation of a restaurant corporation owned as marital property. The marital property inc ...
Alternative Measures of Damages Are Not Cumulative
The 7th Circuit Court of Appeals affirmed a jury's award of damages for fraudulent misrepresentation, unjust enrichment, and promissory estoppel based on an agreement to transfer an ownership interest in a restaurant in exchange for legal services.
Liquidation Value of Equipment Awarded as Damages for Conversion
The Utah Court of Appeals decided that the proper measure of damages when restaurant equipment is converted after the leasee's right to possess the premises has terminated is the salvage value of the equipment.
Chandler v. Chandler
At issue is the valuation of the restaurant business and calculation of husband's income for support purposes.
Lost Profit Testimony Falls Short of Needed Expert Evidence
Owners’ lost profits calculations comparing profits from his restaurant at an old location to those he made at a new location fall short of reasonable certainty standard.
Lack of Marketability a Factor in Valuing Minority Interest
In buyout case, calculation of fair value of minority shareholder’s interest in restaurant turns on forensic accountant’s credit/cash ratio analysis; New York trial court says law recognizes lack of marketability as a factor in valuing closely held corpor ...