GOING CONCERN APPRAISALS
  A going concern is the value created by a proven property operation. The appraisal is completed based on the viability of the operating entity. It has its assets and inventory in place, its work force is established and its doors are open for business, with no imminent threat of discontinuance. The value of a going concern includes real estate, furniture, fixtures and equipment, and the business or goodwill value.

REAL ESTATE APPRAISALS
  Appraisal reports that can be used for lending, tax abatement, eminent domain taking and resolution of value disputes. These reports meet all standards of the Uniform Standards of Professional Appraisal Practice (USPAP). Consideration is given to all pertinent information such as zoning, current supply and demand, construction costs, land values, accrued depreciation, lease analysis and comparable sales.

BUSINESS APPRAISALS
  The appraisal of a closely held corporation involves the estimation of the market value of the entity's equity or stock. A business value is developed after careful analysis of past trends for the industry and firm. These trends are used in the development of projected income statements and value indications. Other methods of measuring a business value include the analysis of historic and future earnings and/or dividends, multiples of gross earnings, excess earnings, adjusted net asset value and ratios of price to book value. Minority interests, gift tax valuation, valuing debt securities, preferred stock, or stock options are also conducted.

SITE SELECTION / MARKET ANALYSIS
  Critical to all successful convenience store operation is its location. This analysis provides an overview of the general area and identification of key sites. The demographic trends for that area are distinguished. Key trends which are researched include population growth, income levels, age composition, consumer spending patterns, competitor locations, market share of existing stores and potential gaps in demand. Utilization of GIS mapping allows for ease of understanding the data and trends of the trade area.

FEASIBILITY STUDIES
  This study incorporates the data from the "SITE SELECTION/MARKET ANALYSIS" into a report which test the viability of proposed developments. These developments could include expansion, new construction, adding branded fast food or car washes. The market demand and specific site data are combined with construction costs, income and expense projections and equity returns to test the feasibility of the project.