A trial court uses parts of three experts’ testimony to come up with its own restaurant valuation
Talk about competing messages! A couple owned a 60% interest in a successful Ohio restaurant. During their divorce, the wife’s expert valued the restaurant at $650,893. Amazingly, the husband’s first expert used a “blended” approach (percentage of average cash flow and gross sales) to find the restaurant was worth $691,000—or nearly $40,000 more than the [...]
Broker vs. BV Expert in Valuing License Bureau for Divorce: Who is more Credible?
Haynes v. Haynes, 2009 WL 3219301 (Ohio App. 8 Dist.)(Oct. 8, 2009) During the 16 years of marriage, the wife operated a license bureau as a deputy registrar for the state of Ohio. After filing for divorce she retained a business broker to appraise the business; he had evaluated 20 different businesses—though none involved a [...]
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