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I recommend AppraiseItNow Inc. highly… I would use them again
They diligently researched both equipment items and provided well-documented reports
AppraiseItNow was able to provide me exactly what I needed on a timely basis
DEFENSIBLE, USPAP-COMPLIANT RESTAURANT EQUIPMENT APPRAISAL REPORTS — QUALIFIED FOR THE IRS, INSURANCE AGENCIES, LENDERS, AND MORE.
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Owner & CEO
Joe founded AppraiseItNow to make a certified, USPAP-compliant appraisal as simple to order as anything else online. A former Bain & Company strategy consultant, Joe leads the entire team and specializes in strategy, growth, and the firm's tech capabilities.
Machinery & Equipment Appraiser
Third-generation auctioneer and CAGA Certified Appraiser with more than 20 years valuing machinery, equipment, vehicles, business assets, and estates for banks, attorneys, and trustees across the Carolinas.
Vehicle Appraiser
CAGA Certified Appraiser since 2014, covering vehicles, boats, equipment, fine art, and collectibles. A classic-car restoration background informs her vehicle work, with reports prepared for insurance, divorce, and charitable contributions.
Client Success Manager
Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.
Certified Appraisers Guild of AmericaCertified Appraiser
The Appraisal FoundationAuthorized by Congress as the source of appraisal standardsAppraiseItNow appraises restaurant and commercial foodservice equipment, online for most assignments and onsite when the scope requires it. Restaurant equipment depreciates quickly, operates under heavy use, and varies widely in condition, brand, and configuration, which is why a credentialed appraisal matters.
Purposes we serve
We appraise restaurant equipment for a specific intended use:
How we work
Many restaurant equipment appraisals are completed remotely using photographs, invoices, and equipment lists. We coordinate an onsite inspection when condition, scale, or complexity requires a physical review. Restaurant equipment is a specialized subset of our broader equipment and machinery appraisal services.
We appraise restaurant equipment from high-value cooking systems to refrigeration, smallwares, and front-of-house fixtures, as individual pieces, complete kitchen buildouts, or multi-location equipment portfolios.
Back of house
Ranges, ovens, fryers, griddles, broilers, and combi ovens; walk-in coolers, reach-ins, and ice machines; slicers, mixers, and prep tables; dishwashers and pot sinks; hoods, fire suppression, and makeup air units:
Front of house
Espresso machines, draft beer systems, and blenders; heat lamps, steam tables, and display cases; POS terminals, host stands, and service stations; smallwares and tabletop assets when appraised within a larger equipment package:
AppraiseItNow serves restaurant owners, multi-unit operators, franchisees, and hospitality investors, and the bankruptcy attorneys, commercial lenders, CPAs, and estate planners who need a credentialed valuation for a legal, tax, or financial matter.
Operators and investors
Restaurant owners, hospitality groups, franchisees, multi-unit operators, and hospitality investors engage us when an insurance claim, a loan, a divorce, or a sale requires an independent value for the kitchen.
Advisors and trustees
Bankruptcy trustees and attorneys, commercial lenders, CPAs, and estate planners rely on our restaurant equipment appraisals to support a client's legal, tax, or financial matter.
What restaurant equipment appraisal clients say we are known for
Across 16 published restaurant equipment appraisal reviews, every one from a client who paid AppraiseItNow for an appraisal, the three things they raise most often are that they would hire us again, how quickly we answer, and how much research is visible in the report.
I recommend AppraiseItNow Inc. highly. I needed an appraisal of fair market value for geologic laboratory equipment for charitable donations to three universities. The unique items and limited secondary market complicated the valuation. They provided a sound, verifiable estimate and the 8283 forms that I was able to use in my tax filings. I would use them again.
Lab Equipment Appraisal for Charitable Donation
AppraiseItNow did an outstanding job appraising my 1998 Bobcat Skid Steer and circa 2010 Yuchai Crawler Dozer. We could not locate a serial number on the dozer, and there were no online sales available, but they were still able to develop an accurate appraisal using known specifications for my dozer compared to other comparable make and model dozers. They diligently researched both equipment items and provided well-documented reports.
Machinery & Equipment Appraisal
I needed an IRS-qualified appraisal for an unusual and costly piece of medical equipment. AppraiseItNow was able to provide me exactly what I needed on a timely basis. The personnel at the company are very friendly and helpful. I would definitely use them again.
Medical Equipment Appraisal for Charitable Donation
Affordable and reliable, with fast service and always responsive to my messages and questions. They delivered my appraisal on time without a glitch. 100% Recommended! I wouldn’t use anyone else for my business. Thank you, Joe — you’re great!
Machinery & Equipment Appraisal for Bankruptcy Filing
I highly recommend the AppraiseItNow team. They were responsive and timely from start to finish, and the whole process was seamless. The final report was super detailed and gave me all the information I needed. I am so glad I hired them and would recommend them to anyone needing an appraisal!
Technology Equipment Appraisal for Divorce
They did an appraisal of medical equipment for donation. They did it quickly, and I received a blank form 8283 signed by the appraiser. It was what I needed. The price was higher than I wanted to spend on an appraisal, but a lot lower than other appraisers. AppraiseItNow was very responsive and communicative, and the other appraisers were not. I would use them again.
Medical Equipment Appraisal for Charitable Donation
Submit estimate or list of items for our review.
We'll share a flat fee quote for your approval.
Submit details on all of your items for our review.
We'll conduct detailed research and prepare a written USPAP-compliant report.
Delivery of your report and supporting documents (e.g., signed IRS Form 8283) by email.
Standard Fee Range
$695 – $2200
Standard range for our Restaurant Equipment appraisals based on past projects
Two report tiers. Your intended use sets which one you need.
from $295
USPAP-compliant report for standard purposes
from $395
USPAP-compliant and IRS-qualified report for advanced purposes
Please note that the fees listed below are for informational purposes and are subject to change. Our team will review your materials and issue your quote before we get started.
1 item
$295 – $595
Single machine appraisal
10 items
$995 – $2200
Small fleet or mixed equipment set; varies if conducted onsite
50+ items
$5K – $10K+
Larger inventory; frequently done in-person
Our Restaurant Equipment appraisal fees are transparent, scope-based, and designed to be fully USPAP-compliant for your intended use. We don't bill by the hour and will propose a fixed fee before we start our work, so you'll know exactly what you are paying before engaging our team. Please note that the pricing outlined here is strictly for informational purposes; before issuing your quote, we will need to get a better understanding of your assets so we can properly scope the assignment.
Given the USPAP-compliant nature of AppraiseItNow’s appraisal reports, we prepare our deliverables for major legal, tax, and financial reporting purposes for individual and commercial clients.
Popular uses of our appraisal reports include:
Through the cost approach, replacement cost new less depreciation and obsolescence, and the market approach built on real secondary-market data from used-equipment dealers and auction results. The subject ovens, refrigeration, or prep lines are compared with recent sales of similar models, adjusted for age, condition, and features. An income method only enters where equipment has a direct, isolatable revenue stream, which is rare.
The assumed selling conditions. Fair market value assumes a willing buyer and seller with a typical marketing period of about three to six months and supports sales, financing, and insurance. Orderly liquidation value assumes a one to three month window and is common in loan collateral reviews and bankruptcy planning. Forced liquidation value assumes an auction within days to weeks and produces the lowest figure. The same kitchen can carry three very different numbers.
Not reliably. Original price minus straight-line depreciation is a bookkeeping convention, not market evidence, and tax or book schedules are not designed to produce fair market value. Appraisers instead estimate replacement cost new, deduct physical deterioration, functional obsolescence, and economic obsolescence, then check against current sales of comparable used equipment. The result can land far above or below your net book value.
No. SDE multiples of roughly 2 to 3 times, EBITDA multiples of 2.5 to 4 times, and revenue multiples value the operating restaurant, not its separate assets. Tying an oven's or hood system's value to whole-business earnings is inconsistent with standard equipment appraisal methodology. Individual items are valued with cost and market approaches based on their own condition and market demand.
A fixed-asset register or purchase invoices, serial numbers, commissioning dates, and maintenance history. Documented repairs and upgrades, including NSF-certified modifications, demonstrate better maintenance and functionality, which supports stronger cost and market values. Undocumented equipment tends to be assumed to carry greater wear and obsolescence, so missing paperwork usually costs owners value.