Going-concern appraisals vs. business valuations
Real property appraisers often value special-use properties, hotels, and senior care facilities, to name a few, on a going-concern basis. The term "going-concern" is not defined in the Canadian Uniform Standards of Professional Practice (CUSPAP), although it is defined in The Appraisal of Real Estate, 3rd Edition, wherein the definition is: “All tangible and intangible assets of an established and operating business with an indefinite life.”