Office & Workplace Equipment

When Appraisal is Needed

An independent appraisal of general office furniture, fixtures, and equipment (FF&E) is often required for a wide range of business functions. Asset valuations may be mandated by commercial lenders for asset-backed loans, Small Business Administration (SBA) financing, and corporate mergers or acquisitions. Accurate valuations may also be required during partnership disputes, corporate liquidations, facility downsizings, bankruptcy proceedings, or for corporate tax and insurance scheduling. Relying on book value or standard accounting depreciation may not reflect what these assets are actually worth on the secondary market.

The Appraisal Process

Our appraisal process is highly organized, designed to cause zero disruption to your daily office operations. First, we perform a systemic on-site inspection to photograph and inventory all assets under consideration.

During onsite inspection, we document the manufacturer, model, condition, and quantity across all categories of workplace assets, including but not limited to:

• Workstations & Furnishings: Commercial or designer office desks, chairs, and other seating, standing desks, and modular cubicle systems 
• Conference & Collaboration Spaces: Large-scale boardroom tables, presentation materials and equipment, and wall-mounted dry-erase boards or glass whiteboards.
• Basic Workplace Technology & IT Hardware: End-user office tech including desktop computers, laptops, dual-monitor setups, docks, keyboards, mice, local desktop printers, and paper shredders.
• Filing, Storage, & Organization: Filing cabinets, shelving, etc.
• Reception & Common Areas: Lobby seating, couches, coffee tables, reception desks, decorative art, rugs and carpets, lighting.
• Breakroom & Facility Support: Commercial-grade coffee makers, microwaves, breakroom refrigerators, water dispensers, storage lockers, and even everyday facility assets like heavy-duty trash cans and recycling bins.

Once the physical inventory is complete, we conduct market research to determine replacement value or secondary market trends. We analyze the assets under the appropriate standard of value required for your specific situation. The analyzed value and supporting data are delivered in a comprehensive USPAP compliant appraisal report.

The Finished Project

The final deliverable is a comprehensive Uniform Standards of Professional Appraisal Practice (USPAP) compliant appraisal report, which is based on substantiated methodology and data. This document serves as an illustrated, user-friendly, and  defensible tool that can be handed directly to banks, attorneys, courts, or the IRS.

The finished report includes:

• An itemized inventory detailing the description, condition, and assessed value of each item or group of items
• Photographic documentation of assets to substantiate findings
• A clear breakdown of the valuation methodologies used (such as the Market Comparison Approach or Cost Approach)
• A summary of Scope of WOrk
• A concise summary of total value
• A thorough explanation of market selection, and market analysis.