Task 2

You (the learner) appraise the property.

Mr Smith is a contractor of construction. Recently 35 employees are working for him. Mr Smith owns 03 road rollers, 01 overhead cranes, 03 excavators and 02 concrete plants. Mr Smith wants to sell his business. As an appraising agent, you have been given a job to confirm client's requirements and instructions for business appraisal and discuss agency requirements and the process of business appraisal. Obtain agreement to process with the appraisal process. Analyse required documents, reports and financial data of the business. Analyse current market data and verify its accuracy and reliability. Select a suitable business appraisal methodology. Formulate an appraisal report incorporating the details and history of the business, current market trends, details of the methodology selected and the appraisal outcomes. Submit this report for the assessment.

You must use Business Appraisal template to record details of the process.