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Do You Know What Your Body Shop Business Is Worth?
By Willard Michlin


Rustic Wood Flooring
There are three areas within our home that have wood flooring within them. The hall, dining room and kitchen all of have wood flooring and I`d like to update the flooring in our hall in the not too distant future and perhaps change the look of the kitchen flooring at the same time. At the moment our hall flooring is more of a mahogany colour but I`ve seen some Rustic Wood Flooring that will help to in-keep with the age of the home. Our house is a Victorian property and I think the Rustic Wood Flooring lends itself to such properties. I could opt for character oak flooring but I`m leaning more towards vintage oak flooring instead. I can just imagine the type of impression this flooring would provide as people walked into our home through the front door. Being a Victorian property our house has a number of original features that havve luckily been preserved over a period of time. It`s become popular to retain these features now, whereas at one time they might have all been ripped out. I can certainly add to the overall look of the property if I have some of the Rustic Wood Flooring fitted. The hall is the first area that I`m going to tackle, closely followed by our kitchen.

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Many smaller body shop owners have asked, ?How do I appraise my body shop?? In the last month I have been asked to do two appraisals on body shops. The first appraisal was to assist in partnership dissolution; the second appraisal was for marriage dissolution. (That is what the attorneys call aa divorce.) Would you like to know how to appraise the value of a body shop business?

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Before we begin, I would like to make one comment. Whenever a CPA has done an appraisal of a body shop, I find that their opinion of value is much greater than the actual value the market place will pay. This is not because the CPA?s do not know what they are doing because they do; it is just that the market place places a much higher risk on buying a body shop than the accountants do. The following is an excerpt from one of those appraisals.

THE THREE WAYS TO APPRAISE A BUSINESS

1. The ASSET VALUATION METHOD. This method is basically used when a body shop does less than $400,000 a year in gross income and the se

Fine Wine
Yes I admit; I like a drop of wine if I`m dining out with my wife. The type of wine that I drink will depend entirely on the restaurant that we are eating within and the meal that I have ordered. If I`m dining in an Italian restaurant the chances are I`ll be drinking a glass of Chianti. Seated within a seafood restaurant I`d be enjoying a nice chilled glass of something that is white and dry. Although I`m not a connoisseur of Fine Wine by any means, I do like to try out a host of new varieties when I can. I`d dearly love to learn more about Fine Wine though, quite possibly be attending a wine tasting course. Wine can be enjoyed and it can also be collected for investment purposes. People actually build up a portfolio of sought-after vintages and will sell them at just the right time to maximize their profit margins. It sounds interesting and I wouldn`t mind looking further into the subject just to see what is involved. Presently I`m a person that likes a glass of Fine Wine with a meal but I can certainly see the appeal of buying and selling wine for the purposes of making a profit.

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