Purchase the Training Pack ($299.00)
to get the recording, transcript, and presentation materials for this webinar in a single download. Please allow up to 30 days after the webinar for the Training Pack to be available.
Get ready to jump the line with this lesson on valuing bars and nightclubs with Jason Pierce and Lynton Kotzin. The entertainment venue industry is nuanced, and the pandemic changed the approach for these valuations. Hear specific examples of specialized issues, including deconstructing the revenue streams, matching the risk to the business model, properly applying transaction multiples and other benchmarks, and utilizing lessons learned from court cases. Valuation experts, financial analysts, legal counsel, industry practitioners, and others who wish to learn more about this exciting industry should get in line for this event
Program Agenda
I.Overview of the industry: a. Differences from bar/restaurant valuations; b. Similarities to restaurants; and c. Projections in an uncertain economy.
II. Reliability of financial data: a. The importance of point-of-sale reports; b. Disaggregating the gross profit; c. The difficulty of benchmarking; d. Forensic considerations; and e. Profit margin adjustments.
III. Normalizing the financials: a. Related-party transactions; b. Personal nonbusiness transactions; c. Accounting differences; d. Officer compensation; and e. Nonrecurring/nonoperating items.
IV. Valuation approaches: a. Asset approach; b. Income approach; and c. Market approach.
V. Special considerations: a. Franchises: b. Types of licensing—liquor, entertainment; c. Startups; d. Digital currencies; and e. Legal protection of the name, logo, etc.
VI. Selection of best method: a. Asset approach—when is it the preferred method; b. Income approach; c. Market approach; and d. Reasonableness check.
VII. Case law involving nightclubs: a. In re Case No. 800 Bourbon St., 2015 Bankr. LEXIS 3963; b. City of San Antonio v. El Dorado Amusement Co., Inc., No. 04-04-00638-CV (Tex. App. 2006); c. 376599 Alberta Inc. v. Tanshaw Products Inc., 2005 ABQB 300; and d. Christou v. Beatport, LLC, 2013 U.S. Dist. LEXIS 9034.
Learning Objectives
List unique considerations for bars and nightclubs, with comparison to other restaurant valuations;
State how the industry and economic forces such as consumer spending and inflation are affecting the product costs, employee wages, and expected profitability;
Describe ways to handle situations involving unreliable financial information; and
List other specialized topics such as licensing, digital currencies, and select case law examples.
BVR's Training Packs are an indispensable addition to any valuation reference library. Use them as training tools as many
times as you'd like, wherever you are: play them at your computer at work or home, in your car, or on your personal audio device.
Delivered as an electronic download approximately four weeks after the program has aired, each Training Pack includes:
Recordings and transcripts of the presentation
All presentation visual aids and handouts
All ancillary reading materials suggested by our presenters
If you are ordering a Training Pack after the four week window, the download link will be sent to you immediately via email. Please
check your spam folder and add customerservice@bvresources.com to your “safe list”
to ensure you receive your Training Pack.
Business Valuation Resources offers a 100% money-back guarantee on our training services. If you are not completely satisfied
with your experience, or have any feedback, please contact Business Valuation Resources at 1-503-479-8200 or
customerservice@bvresources.com.