Commencement 

  • Initial Data-Site visit Gathering 
  • Financials 
  • Tax information 
  • Questionnaires/Interview 

Research 

  • Industry research 
  • Local economy research 
  • RMA data (Industry comparison) 

Initial Financial Analysis 

  • Common-size financials 
  • Ratio analysis 
  • Industry analysis 
  • Trend analysis 

Recast Conference with Ownership 

  • In-depth Questions based on initial analysis 
  • Industry 
  • Percentages – Capacity 
  • Norm adjustments 

Normalization 

  • Implement all info from recast call to financials 
  • Industry financial analysis 
  • Finalize adj. financials 

Adjusted Financial Analysis 

  • Feasibility meeting 
  • Determine appropriate information use and application 

Consider All Approaches 

  • Income 
  • Asset 
  • Market 

Review and Finalize 

  • Finalize Value 
  • Review by Senior Analyst 
  • Repeat process 

Present to Ownership 

Present findings in a report