Eddisons has supported the hospitality industry with specialist trading valuations for many years and have developed a team of expert valuers that serve the sector throughout the UK.
We value properties that are fully equipped and trading as operational entities based on their estimated trading potential by a competent operator, not necessarily the existing operator, at the point of valuation. Simply considering the performance under an existing operator could lead to an over or understatement of the market’s assessment of trade. For this reason it is vital to utilise a valuer with the necessary depth of industry experience that will ensure a critical appraisal of the strengths and weaknesses of any hospitality business. The hotels, licensed trade and leisure team at Eddisons keep a close eye on developments within the hospitality market and through regular contact maintain a solid understanding of the changing perceptions of prospective buyers.
Some valuers will approach a hotel valuation with some standard ‘rules of thumb’ on profitability and market value, however such approaches should be treated with caution. Profitability in a hotel context can be complex due to the varying margins derived from different income streams. Having valued businesses and premises in this sector, from small B&B’s to major hotel chains, for over 20 years Eddisons has been able to deliver consistently reliable and robust valuations by only utilising valuers specifically experienced in hotel operations.
The Supply of Beer (Tied Estate) Order 1989, or the Beer Orders as they are more commonly known, marked the arrival of a new world in licensed trade. It led to breweries having to restructure their estates and heralded in a new wave of pub groups such as Punch and Enterprise. Those groups have since also had to rationalise their estates which in turn created opportunities for free trade owner operators. Further changes in the environment such as the recession, availability of cheap supermarket beer and the smoking ban have meant that licensed trade has not had it easy.
We have however witnessed the relaxing of some licensing laws which has created opportunity gaps for many existing operators to change their positioning and for entrepreneurs to enter the sector with new propositions. As licensed property valuers, we bring our detailed understanding of the marketplace to each, valuation appraising the merits of each individual business and property.
Our recent experience is this varied sector also includes the following businesses and properties:
We would normally value the above businesses on the basis of their existing or projected turnover and profitability.
Our hotels, licensed trade and leisure team are located throughout the UK and would be happy to discuss your valuation requirements and offer advice on costs and timescales, simply complete the form above or below and a member of our specialist team will contact you promptly.