Two brothers were considering selling their center and retiring. They wanted to compare the cost and risk of converting their center into a family entertainment center and remaining with the business with the potential sale price of their center in existing condition.
They had a CPA and attorney to evaluate the facts but needed an estimate of the cost to convert to an FEC and the potential sale price of their center.
I showed them a matrix of what bowling centers had been selling for and where their center was stronger and where it was weaker than the comparable centers. They were able to understand the likely selling price and what they would net after paying off their debts. Their CPA was able to give them a clear picture of the tax consequences of a sale. I was also able to prepare an estimate of the cost to covert to an FEC and projected revenue and expenses for them to use in their decision making.