Business Starting Grants

Selling business and estimating cost of inventory?

If I am selling my business (a school btw), to a buyer, how do I assess or estimate the monetary value of all the inventory such as desks, computers, furniture, etc.? Is there a separate appraiser you contact who estimates the total value of the inventory? Also, if one is evicted for failure to pay the lease and must close one's business, can the landlord of the building possess the inventory and sell it to compensate for the owed lease money?

Public Comments

1. Whilst selling a business what has to be taken into consideration is that if your assets have been acquired over time then you have to depreciate it (ie. Cost of Purchase - Depreciation = Book Value of the goods) . But if they have not been paid for then naturally the liability is taken over by the Purchaser of the business or you may have to clear the ownership issue with the original supplier. An appraiser is contacted when you want to close the business or when you want to re value the business in order to create a Balance sheet more in keeping with Current replace ment Costs or Current Cost accounting . In Re : Eviction if you can prove that the taking away of inventory would be tantamount to the infringing of your rights to pursue a profession for living then your landlord cannot (or so I believe) On the other hand you can reach a composition based on the realistic valuation of your inventory and the balance being to your account. Hope I have helped you.