The appraisal will be completed assuming an “Asset Only” sale. Liabilities will not be factored in, and expenses will be factored in at a minimum.
Cost is very reasonable compared to traditional valuation rates. Forest Agency charges one percent of an agency’s annual revenues.
Information required is quite minimal:
- 3 years insurance company year-end production reports, and current year-to-date reports.
- 3 years Profit and Loss statements, including current year-to-date statements.
- List of any accounts over 2% of total commission income.
- Name and version of agency management automation system.
Please call Dan Browne with any questions 708-383-9000.