Appraising Resturant Equipment On this Memorial Day weekend, I enjoyed the privilege of inspecting several restaurants in search of an appraisal of equipment and machinery. The owners were unable to give a list of Subject Assets and Subject Assets, I brought my wife who is smart and beautiful to act as a "clipboard" assistant. The wife wrote as I measured. pointed out model and manufacturer numbers, and took photo s with my beloved Casio Exilim. One reason I love appraisals of restaurants is that I spen t many years during my 20s, cooking in Aspen, Tucson and Phoenix. It's great to be back in a professional kitchen talking to the chef about Hobarts as well as Groen stock pots even if I'm using the tape measure instead spatula! Cook, food and Beverage Cont roller, n ow into a Restaurant Appraiser. In my time as an auctioneer in early 2000's, I assisted several restaurant owners liquidate their holdings but I'm more content conducting appraisals of restaurants like those, where I determine the value of the res taurant fo r collateralized loan purposes. Beyond nostalgia, appraisal of Top Baytown Bars isn't the only thing that's interesting. An stainless steel preparation area, for instance, is of the same value, wheth er it's in a fast service drive - through, full service linen napkin restaurant, or even a Vinyl - boothed BBQ joint. This value, in today, regardless of regardless of whether you're looking at an Orderly Liquidation, as well as Fair Market Value for Co ntinuou s use, is extremely low. In my research on restaurant appraisals I noticed that the recent imports of brand new stainless steel kitchen appliances has decreased the demand for on the resale value of a lot of used stainless steel appliances. The price of us ed tables or shelves, when added to the cost of labor to move these items to their new place, could easily surpass the cost of a new item, supplied to the restaurant's specified place. This is the reason we use the concept of substitution which says that a smart investor will not spend more on an asset than it costs to replace it with a new one. When it comes to restaurant appraisals where the majority of the equipment and machinery are common and easily available it is particularly feasible. BEST BAR & GAM ES IN BAYTOWN We are the Best Top Rated Baytown Sports Bars that offer Bar Games, Pool Tables, Bar Patio, Bar Arcade, Bar Pool Tables. Visit us for Happy hour specials. Working Phone No - 3464722121 Business Email Id - archie@arsentertainmenthub.com Location - 4533 Garth Rd,Baytown,TX,77521,USA Social Media Links: Facebook: https://www.facebook.com/drinkinvadersbaytown Instagram: https://www.i nstagram.com/drinkinvaders/ Company Employees : 60 Company Working Hours : Mon - Fri - 4 PM to 2 AM, Sa and Sunday - 11:00am - 2:00am