Professional Machinery & Equipment Appraisals in St. John's

The process of estimating the monetary value of machinery and equipment. It involves a detailed assessment of the assets' condition, age, functionality, and marketability. Contact our team at Appraisal Associates Limited to learn more.

The scope of machinery and equipment appraisals is broad, encompassing a wide range of industries and asset types. 

Here are some common categories:

• Industrial equipment: 

  • This includes heavy machinery used in manufacturing, production, and processing. Examples: 

    • Lathes, milling machines, and other metalworking equipment.

    • Conveyor systems and assembly lines.

• Heavy equipment: 

  • This category covers large-scale machinery used in construction, mining, and infrastructure projects. Examples: 

    • Excavators, bulldozers, and cranes.

    • Dump trucks and other heavy-duty vehicles.

    • Mining equipment, such as drills and crushers.

• Restaurant equipment: 

  • This includes the equipment used in food service establishments. Examples: 

    • Ovens, stoves, fryers and refrigerators.

    • Dishwashers and food preparation equipment.

• Fish plant equipment: 

  • This is specialized equipment used in the processing of fish. Examples include: 

    • Fish processing lines.

    • Freezing equipment.

    • Filleting machines.

    • Packaging machines.

• Other equipment: 

  • This category encompasses a wide variety of assets, including: 

    • Medical equipment.

    • Agricultural equipment.

    • Transportation equipment (vehicles, aircraft, etc.).

Machinery and equipment appraisals are conducted for various reasons, including: 
 

• Financing: Lenders often require appraisals for loans.
   

• Insurance: To determine proper coverage and claim settlements.
   

• Mergers and acquisitions: To establish the fair value of assets during business transactions.
   

• Bankruptcy: To assess the value of assets for liquidation.
   

• Litigation: For legal disputes, such as divorce or partnership dissolution.
   

• Asset management: For internal financial planning and decision-making.