Trade Fixtures / Business Assets

Trade fixtures, unlike typical fixtures that are attached to real property and become part of it, are items owned and attached by a tenant to a rented space or building for use in conducting a business.  Thus trade fixtures are not real property.  Trade fixtures are typically removed by tenants when their lease is terminated unless the right to retain them has been surrendered in the lease by the tenant or by separate agreement.

Business Assets include; licenses, inventory, machinery / equipment, furniture, franchises, the business name and goodwill.  When going concern appraisals are completed, the appraiser considers the entire business entity including the real property, personal property and business assets.  Included are the receivables, files and clients.  The talents of trained employees is also an asset that transfers, with the assumption that employees will remain.      

Contact us with your questions or concerns regarding trade fixtures / business assets or regarding your specific appraisal assignment in Nevada at 1-702-568-6699.  We can also be e-mailed at grigdon@cox.net.  

Commercial Real Estate Appraisals in the Las Vegas & Henderson, Nevada Area.