Appraisals

Business owners, attorneys, SBA, IRS, lenders, and turnaround managers all ask the same question…”What are these assets really worth?”

Gallivan has AMEA certified appraisers with worldwide experience. From small, local businesses, to large multi-location manufacturing plants across the globe, we employ the same rigorous standards of excellence for all appraisals!

REASONS YOU MAY NEED AN APPRAISAL:

  • Insurance
  • Allocation of Purchase Price
  • Asset Based Lending
  • Internal Planning
  • Orderly & Forced Liquidation
  • Turnaround & Workout
  • Bankruptcy
  • Tax Purposes

INDUSTRIES SERVED:

  • Machinery
  • Equipment
  • Office Technology
  • Automotive
  • Manufacturing
  • Metalworking
  • Plastics
  • Material Handling
  • Processing
  • Hospitality
  • Distribution
  • Other Business Types

WHY CHOOSE GALLIVAN?

The certified professionals at Gallivan have direct access to hundreds of sources, including our comprehensive in-house database. In addition to these sources, we network with other AMEA Certified appraisers coast-to-coast and worldwide in identifying current market industry trends. This allows for accurate fair market and liquidation values of machinery, equipment, and other business assets.

Professional expertise, over 50 years combined knowledge, and the continued education of our appraisers enables Gallivan to deliver a substantiated, irrefutable, defensible opinion of value that our clients can rely upon. All of Gallivan’s reports are consistent with the ethics and guidelines mandated by the Uniform Standards of Professional Appraisal Practice (USPAP).

You can count on Gallivan for professionalism, reliability, accuracy, and timeliness in all we do!

TYPES OF APPRAISAL REPORTS:

  • COMPLETE INVENTORY APPRAISAL
    A full report including all limiting conditions, critical assumptions, detailed equipment listing with individual values, aggregate value totals, definitions of values, approaches to value, and photographs. This method and approach requires a detailed and inspection of all assets. It presents the highest level of appraiser inspection and verification.
  • NON-INSPECTED APPRAISAL (FORMER DESKTOP APPRAISAL)
    An appraisal of limited scope where the appraiser estimates the value of the equipment from his workspace. This service is based upon information supplied to the appraiser, and without the benefit of a physical inspection of the equipment.  Non-Inspected appraisals are common due to time, travel, and cost considerations.
  • CUSTOM MARKET ANALYSIS * NEW REPORT *
    This new report is unique because it can be modified to fit your needs while providing a low cost alternative. There are times when a detailed report is not necessary, or economically feasible. Using a customer provided fixed asset listing combined with a brief inspection, we have the ability to provide a tailored report with abbreviated descriptions. This report is most effective for loan restructure and forbearance situations.
  • SITE ASSESSMENTS
    Convert your “ABA” filing to a detailed inventory listing and have a true understanding of what your collateral position is. This includes an asset schedule, which can be used to update your UCC filings. Values are not included in this report; however, it can be quickly converted to an appraisal if values are required at a later date.
  • SBA REPORTING
    The SBA report is a process in which we collect and assess information from your borrower on your behalf and issue a report to the bank which includes: a detailed listing of all personal property at your borrower’s location(s), one copy of the UCC filings showing all secured liens, photographs, and an estimated auction range of value on the entirety, not by the piece.

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Contact us for Business Appraisals!

Colleen Daniels, Star Financial Bank

Gallivan Companies are always willing to provide assistance, answer questions or help problem solve issues relating to values or liquidating assets. I have used Gallivan for auctions and appraisals of equipment and inventory; and have always been extremely satisfied with the results. An aspect of their business philosophy I appreciate is if they are not the best source to use on a particular asset type they recommend who is and partner with them. I recommend Gallivan without hesitation.

Ryan Davis, Regions Bank

They took the time to explain the industry and the best methods to reach the recovery value. The borrower complimented us on Gallivan’s professionalism and knowledge.

Paula Davis, First Tennessee Bank

Gallivan exceeded my expectations for the auction and stayed within budget. I could not have been happier with the results.

Steve Yount, Babcock & Yount

Gallivan knows the business, are creative, and hard working. They are diligent about getting the best results for the clients, while at the same time being conscious of the cost and the bottom line outcome.

Matt Breeden, Champ Car Racing Series

Norm, and his company Gallivan Auctioneers, handled the auction for the assets of Champ Car. In just over 2 months, Norm and his staff were able to efficiently and professionally organize nearly 30 years and 100,000 square foot of accumulated assets into a saleable format. Further, their marketing and implementation of the auction was expertly handled, resulting in significant revenue to the company. All throughout the process Norm was very communicative and ensured that his staff was as well. If I were to be in the market for an auction company in the future, Norm would certainly be getting a call from me.

Wendy Basch, First Midwest Bank

I and my team have worked with the Gallivan team on several different auctions and appraisals from construction equipment, specialty equipment and Commercial Real Estate. I find them to be problem solvers, very knowledgeable about their industry and very willing to go the extra mile to make things work. On average, their results are better than any other company I’ve worked with. They have been very candid about what to expect and what they can deliver and is consistently responsive to our bank’s needs. I would highly recommend them to anyone looking to liquidate assets.

John Willis, Elixir Industries

I wanted to take the time to let you know how impressed I was with the Gallivan Team. From the time I met [Matt and Norm Gallivan] till the last item was removed from our property the entire process was flawless. The fact that you guys make it look effortless is a testament to the skill level you bring to the table. Everyone on your team is a true professional and went the extra mile to make the auction a success. Thanks again for all you and the Gallivan Team did!!