Inventory Appraisal, Inventory Inspection, Inventory Sample Counts, And Valuation By Expert And Experienced Senior Appraiser At Asset Reliance, Inc.
Inventory is generally categorized as raw materials, work-in-progress and finished goods. It is easy to see that inventory in the retail space includes all the items being sold and held, which are usually specific to the type of retail niche that the business is participating in. But as well as that, the service industry has an inventory that they use which allows them to complete their jobs. A flooring company, for example, has an inventory of tiles, woods, carpet, etc. that are an essential piece of their business function. When Determining The Value of A Business, the assets are as an important aspect of the valuations versus the cash flow and profit and loss of a company. These inventory assets add a much higher value to the worth of your business, and properly having inventory and Equipment Valuation to determine their exact value is an essential piece to many business endeavors.
Inventory Valuation
Inventory valuations should be done on a reoccurring basis so that the overall performance and financial positions of a business can be determined. This determination will help to dictate the strategies of the upcoming year, and also have a large impact on the public trading (as stocks) of some companies. Some other common occurrences for requiring an inventory appraisal include:
- Auctioning or Liquidating surplus inventory; by turning under performing inventory into liquid cash, this can be invested into other turnkey operations or aspect of the business.
- Auctioning or liquidating distressed merchandise.
- Determining the value of assets for legal situations, such as marital disputes that require a split of the determined value or other types of lawsuits.
- Requiring parts of the inventory to be sold so that other essential business operation can remain steady.
- Business insolvency.
- When requiring a business merger or acquisition service, the inventory appraisal contributes a definitive worth of the inventories that are merging together or being purchased, so that the operations can be directed in the manner best suited for that particular endeavor. It is also an important piece to the puzzle of understanding the overall profitability and financial status of an entity.
Attaining A Commercial Loan
When attempting to attain a commercial loan for capital to be invested into your business, you may or may not have the necessary cash flow and profitability required for a bank to deem suitable in order to provide financing. If your Profit And Loss Statements are simply not enough leverage, you can try the other route of using your inventory as collateral. This will only work, however, if you have had your inventory appraised by a Certified Appraiser. And our appraisers are just that, and much more! Each and everyone is accredited by the American Society of Appraisers as Accredited Senior Appraiser (ASA) and we feature over 32 years of experience in a variety of business sectors. As well as that, we follow every rule and regulation set forth by the governing body of appraisals known as the Uniform Standards of Professional Appraisal Practice (USPAP), which is required for an appraisal to be deemed legitimate by a bank or in legal practice.
Do You Provide Retail And Wholesale Inventory Appraisals?
At Asset Reliance, Inc., we are able to provide both Retail And Wholesale Inventory Appraisals. Each requires specialized knowledge to determine the value of your goods. When it comes time for certain tax practices, understanding the difference between the two, as well as the differing values that they determine, is required for tax reporting. Retail value is not the same as a wholesale value, so allow us to walk you through the different aspects of both and how these might affect your business.
How Can I Sell My Surplus Inventory?
If you are in urgent need of liquidating your inventory, then you will most likely want us to direct a public auction that can be:
- Live On-Site Auctions
- Live And Simultaneous Webcast Auctions
- Timed Online Bidding Only Auctions
Public auctions are an excellent method for producing results that are timely and also maintain a high return on investment. We will appraise your inventory based on the Forced Liquidation Value, and bring together a well researched and relevant group of buyers that will purchase your inventory at excellent prices. Our track record has set the bar high with auctioning inventory, so allow us to manage the Auctioneering of your inventory to bring you the maximum profits for your unique business needs. If you are not in urgent need and are instead looking to get rid of Surplus Inventory Or Distressed Inventory, then we can appraise the worth of your inventory based on the Orderly Liquidation Value. This value gives us a price point that can be met with the extended time and interaction that takes place during an Orderly Liquidation Sale. No matter your reasoning for having your inventory appraised, make sure you are in the best hands with Asset Reliance, Inc. Our team of hardworking, professional, and certified appraisers will give you a valuation that is as accurate as a bullseye and as timely as a stopwatch.
