In a main street deal, how much does the FF&E list change the value of the business?
In the deal I am in DD with, the seller’s truck was part of the trucks being sold in the deal but he was pretty upset to learn that they (broker) didn’t remove it from the list. As one of the more expensive trucks, I would think that would change the valuation of the deal but the broker when I asked, he said it didn’t really change anything. Can someone give me some advice on this. There may be other trucks that should be off that list too and also the trucks seem highly overvalued so I am thinking if the assets that convey with the business do change the value of the business, I will use the odometer readings to get KBB values and come up with the real fair market value and then hopefully adjust the business value accordingly.
How have others dealt with this type of situation?
FF&E Question in a Partial Buyin - Asset Sale Deal

by a searcher from State University of New York College at Cortland
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