EQUIPMENT VALUES

By Tom Cobery
In April 29, 2013

Have you ever had your insurance agent ask you how much you should insure your equipment for?

Do you wonder what the value of the your equipment is as relates to an orderly liquidation in the event of the sale of the business?

If you answered yes to either of these questions or both, you should be getting an outside equipment appraisal done every two to three years, updating the appraisal with any new purchases until the next appraisal is done. Equipment appraisals, using an orderly liquidation value or a fair market approach, can be obtained in most cases for $1,800. For your peace of mind and prudent financial planning you should consider having an appraisal done every two to three years.

To discuss your options when it comes to equipment appraisals, give me a call at 201-523-6326 or e-mail me at tcobery@napl.org.

Tom Cobery

Dealing with the day-to-day needs of running a busy printing operation often leaves company leaders little time to plan for the future of their enterprises on their own. Tom works with chief executive officers and senior management executives in the Tag and Label Industry to develop growth opportunities through strategic transactions, new markets, or new service opportunities. Available for consulting on individual projects, he can also be engaged to serve as an Advisory Partner, helping executives guide their company into the future, serving as an impartial sounding board for ideas, and working with them to set the right course for continued growth and greater profitability. Tom’s personal experience as a Tag and Label Industry company president and chief executive officer, plus his extensive networking with other industry executives through his volunteer leadership activities with the Tag and Label Manufacturers Institute (TLMI) give him a unique perspective on the tough issues today’s company leaders face in this specialized segment. Companies engaging Tom will find his insight and independent advice an invaluable asset in helping them achieve their growth and profitability goals. More than a consultant, Tom Cobery wants to be your trusted Advisory Partner.

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