Appraisal of Fast Food Facilities

There are over 197,000 fast food establishments in the United States  (IBISWorld - Industry Market Research, Reports, and Statistics, n.d.). For commercial appraisers looking to branch out into this specialized area, this course reviews leased fee valuation, the sales comparison approach and income approach (including discounted cash flow analysis) as they relate to appraising fast food restaurants. Given the immense popularity of fast food in the United States, it’s important for an appraiser to understand the unique aspects of these facilities, from their physical characteristics to the lease clauses influencing value. Additionally, this course touches on fee simple value analysis and going concern value analysis for fast food restaurants.