You will gain valuable insights into the convenience industry from interviews with owner-operators, industry experts, and c-store lenders. More than 250 illustrative photographs, diagrams and video segments, along with discussion questions and a case study, familiarize students with every aspect of appraising convenience stores. Meet the challenge of appraising the going-concern value, separating and appraising the tangible assets and intangible assets of this specialized, yet frequently encountered appraisal assignment.
• Specialized knowledge and skills to appraise these special purpose properties. • A comprehensive education into the convenience industry, including an in-depth look at the challenges facing the convenience store retail channel. • Analytical tools for assessing the trade area. • Ways to accurately describe and consider the site, building, fuel service and equipment. • The ability to process the cost, sales comparison, and income capitalization approaches as applied to convenience stores. • Methods to avoid pitfalls and potential mistakes in appraising convenience stores.
"I went to Memphis to take the seminar Appraising Convenience Stores. Robert Bainbridge wrote the book for the Appraisal Institute and taught the seminar. It was the best seminar I have ever taken. One thing you learn from the seminar is that the Hyper Markets(c-stores) like Wal-Mart gas and Sam's Club are hurting the c-store business and many are in trouble. I read Home Depot may be selling gas soon. If any of you have a chance to take his seminar you ought to take it."
I enjoyed the seminar Appraising Convenience Stores tremendously. It was one of the best seminars I have attended in a long time.
Please note: It is recommended that students bring a calculator to the seminar.
Learn to appraise convenience stores and gas stations. Updated and expanded, this is the only nationally-accredited instruction on the valuation of these special-purpose properties.
Separate earnings to real estate, FF&E and intangibles.
The seminar includes learning aids such as video interviews, valuation field examples, an FF&E value calculator, and an automated EBITDA Excel template.
The modules in this seminar follow closely the Appraisal Institute’s book, Convenience Stores and Retail Fuel Properties: Essential Appraisal Issues.
There are a total of nine mandatory student exercises and a final case study assignment to give students hands-on experience in applying the seminar concepts. These exercises are intense and require a fair amount of time to complete them. Please note that the instructor may take 3-5 days to review your assignment so plan your time accordingly. You can advance through the program while you are waiting for your instructor to review your work. You will receive the completion certificate only upon receiving a satisfactory review of your final case study assignment.
An automated Excel worksheet with the suggested solution to the case study is provided at the end of the seminar.
Please note that that participants must complete all mandatory assignments in the program. CREDIT WILL NOT BE GIVEN until the assignments are satisfactorily completed. The instructor may ask for a re-submission of an incomplete assignment. Please allow up to 5 days for the instructor to review an assignment. You may request expedited review by contacting the instructor.