Task 3

You (the learner) appraise the property.

Ms Jones is an Internet Service Provider (ISP) in Springvale. She owns 500 modems, 350 routers and 500 meters long wire. She has about ten employees working for her. Ms Jones wants to sell her 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.