Don Draper
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We are in the process of being reassessed in our county, and going through our original sale documents has got me thinking about how commercial mortgage appraisers are handling Websites...we bought in June 2006 and what we inherited was a static, 3 page website. The site itself is not specifically mentioned in any of our documents.
Since we've been here we've invested close to $10K just in building the site, and that's not even looking at what the site brings in in terms of bookings, gift certificates, etc. Can a website get its own line item on an appraisal? Similar to a "non-compete" clause? If you are selling a business is the business website automatically included in the sale?
I'm guessing the answer will be that you can structure it however you like, for those of you who are for sale currently be sure you are properly valuing your website if it is functional and well-designed!
Since we've been here we've invested close to $10K just in building the site, and that's not even looking at what the site brings in in terms of bookings, gift certificates, etc. Can a website get its own line item on an appraisal? Similar to a "non-compete" clause? If you are selling a business is the business website automatically included in the sale?
I'm guessing the answer will be that you can structure it however you like, for those of you who are for sale currently be sure you are properly valuing your website if it is functional and well-designed!