Hello Team!
I am a newbie here getting ready to purchase my first location. I am getting ready to work with the seller on the allocation of value that has to be completed. I know this should be something my tax professional helps with but due to some circumstances, I am having to wait to connect with him.
Having said that the laundromat I am looking at has some relatively new equipment (half are 2015 and newer) some older equipment ( 1987-2002) that will need to be replaced in short order. I am curious how to value the older equipment if there is even value there.
Any suggestions on how you would approach this exercise? I appreciate any information or thoughts you all have.
Thanks
Mark
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