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A local developer is the owner of the entire property rights of a sports club located in Muscat. The club encompasses various facilities, including a
A local developer is the owner of the entire property rights of a sports club located in Muscat. The club encompasses various facilities, including a restaurant, squash courts, snooker room, gymnasium, and swimming pool, all situated on a site. Considering the option of selling both the property and the operational business as a going concern, the owner has sought an open market valuation for this purpose. To facilitate the valuation process, the owner has supplied financial details from the last trading year, including gross receipts from the restaurant, outside catering, and membership subscriptions, amounting to OMR OMR and OMR respectively. Total purchases for the year were OMR Expenditures included OMR for wages and national insurance, OMR for bank interest and charges, OMR for office expenses, OMR for vehicle servicing and petrol, OMR for electricity and laundry, and OMR for repairs to land and buildings. Additionally, the latest balance sheet reveals that fixtures and fittings are currently valued at OMR and there is OMR in stock and OMR in cash available for the daytoday operations of the business. To calculate the total 'going concern' value, assuming that of the final net profit is allocated as property rental yielding and the business profit multiplier is the computation can be conducted accordingly.
A local developer is the owner of the entire property rights of a sports club located in Muscat. The club encompasses various facilities, including a restaurant, squash courts, snooker room, gymnasium, and swimming pool, all situated on a site. Considering the option of selling both the property and the operational business as a going concern, the owner has sought an open market valuation for this purpose.
To facilitate the valuation process, the owner has supplied financial details from the last trading year, including gross receipts from the restaurant, outside catering, and membership subscriptions, amounting to OMR OMR and OMR respectively. Total purchases for the year were OMR Expenditures included OMR for wages and national insurance, OMR for bank interest and charges, OMR for office expenses, OMR for vehicle servicing and petrol, OMR for electricity and laundry, and OMR for repairs to land and buildings. Additionally, the latest balance sheet reveals that fixtures and fittings are currently valued at OMR and there is OMR in stock and OMR in cash available for the daytoday operations of the business.
To calculate the total 'going concern' value, assuming that of the final net profit is allocated as property rental yielding and the business profit multiplier is the computation can be conducted accordingly.
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