Winning Back-Office Strategies to Boost Your Business Agility
VIEWpoint Issue 1 | 2023
2023 Compliance Trends: Staying Ahead in an Evolving Regulatory E...
Find out how Doeren Mayhew’s Litigation and Valuation Support Group helped provide business valuations for multiple massage/spa franchise locations for purposes of obtaining loans through the SBA.
Doeren Mayhew was retained to provide business valuations for multiple massage/spa franchise locations for purposes of obtaining loans through the Small Business Administration (SBA). The SBA loans were utilized for financing purposes related to pending ownership transactions. The subject companies specialize in high quality massage, facial and waxing services in luxurious and relaxing environments.
The primary documents relied upon included income tax returns, historical financial statements, income projections and the Franchise Agreements. Doeren Mayhew also held discussions with the buyer and/or seller and visited the locations.
The three primary approaches to value a business (asset, income and market) were reviewed in these engagements. Specific factors or adjustments considered within each approach based on the nature of the businesses were as follows:
Doeren Mayhew provided a Summary Valuation Report to the clients in order to obtain financing for the pending transactions. Final valuation reports were provided within 2-3 business days of receiving all of the information required. The valuation reports were prepared in accordance with the SBA’s standard operating procedures per SBA SOP 50 10 5(J), and were prepared in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP).
A quick registration is required to view our resources.
You will only be asked to do this one time (unless you don't save your browser cookies).