Good valuation company

RE: Good valuation company

Anthony Todd — Tue, 01 Mar 2016 12:40:27 GMT

It still comes down to what you or another are prepared to pay and, in the valuation edifice that my partners erected, the final "value" was multiplied by "a factor of between 0.5 and 1.5 depending solely on gut feeling so a worthless joke IMHO.

I'd get your independent advisor to look at the day book [better than the bookkeeper's book....] and you and he can work out the profit as it stands and the gains and losses you can make. [preferably not an accountant IMHO as they take a "traditional" view.]

Current fees, drug purchase to turnover number of ops., dentals booster reminders appointment booked etc etc...

RE: Good valuation company

Hannah Wynne Richards — Tue, 01 Mar 2016 08:23:25 GMT

And both buyer and seller end up suspecting the other has given him/her a backhander

Wynne

RE: Good valuation company

Iain Richards — Mon, 29 Feb 2016 13:43:56 GMT

[quote user="robloxley"]

[quote user="Iain Richards"]Top tip - both of you agree to a single valuer and a single solicitor[/quote]

Then how do you know the valuer is giving everyone a fair valuation? Given the likely money involved I'd want an independent assessment

[/quote]

That's the point, it's one valuation, thre fore it's fair. The valuer is not acting for anyone and is less inclined to alter figures to suit vendor or purchaser.

In truth, there is enough information out there to do it yourself.

RE: Good valuation company

grumpyoldman — Mon, 29 Feb 2016 12:11:15 GMT

[quote user="Hannah Wynne Richards"]At the end of the day, it depends on whether they want to sell more than you want to buy. The value is exactly as much, or as little as someone is prepared to pay[/quote]

That is true ,until the men in suits get involved, the suits inflate every thing to boost their own cut ,they also like touting things to the corporates who in some cases will buy quickly for turnover and market share irrespective of the real paper value if its in the right place at the right time. Also if they are not interested you probably need to be asking yourself a big Why?.

RE: Good valuation company

Hannah Wynne Richards — Mon, 29 Feb 2016 11:00:44 GMT

At the end of the day, it depends on whether they want to sell more than you want to buy. The value is exactly as much, or as little as someone is prepared to pay

Wynne

RE: Good valuation company

Rob Loxley — Sun, 28 Feb 2016 13:49:59 GMT

[quote user="Iain Richards"]Top tip - both of you agree to a single valuer and a single solicitor[/quote]

Then how do you know the valuer is giving everyone a fair valuation? Given the likely money involved I'd want an independent assessment

RE: Good valuation company

grumpyoldman — Sun, 28 Feb 2016 11:30:54 GMT

Depends whether your buying or leasing the property . If your buying commercial property values vary far more widely in some areas than others ,and valuers can vary by upto 50% . Check the market trends if prices are flat lining or bottoming out ,probably better to buy at the nadir but if they are higher could be easier to negotiate a lease for 3 years with an option to buy at either market price now or in 3 years which ever figure is the lowest.

I leased a premises for 20k a year(20 year lease with option to buy after 3 years) with a market value(shell) then of £263. At the point of sale it was revalued at 140 three years later , which was what I actually paid for it. so in the end with the leasing costs it was 200 instead of the 263 I would have paid if I had purchased it immediately .

This also gives you some wriggle room , some take overs go well ,some do not. If your in a low fee area buying a down market practice ,and you re-jig with normal fees ,you may find half the client base legs it to vetsrus looking for a new bargain basement. It will take 2-3 years to rebuild the client base with the kind of people you want.

RE: Good valuation company

Iain Richards — Sun, 28 Feb 2016 09:30:54 GMT

Top tip - both of you agree to a single valuer and a single solicitor. Saves time, hassle and cash. If you are an employee of the practice, or are buying outright as a new person, ask your accountant about setting up a company first, then buying. The law might have changed, but when I bought I couldn't put the fees against tax.

RE: Good valuation company

Michael Woodhouse — Sat, 27 Feb 2016 20:21:17 GMT

When we bought our practice we used John Sower from Bertram Kidson. He's now part of Moore Scarrott.

He was very very good and very very fair in terms of charging.

The vendor used Hazlewoods and the valuations were within a couple of thousand pounds - quite reassuring on both sides.