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Appraising Convenience Stores

    Online Education
 
  Seminar    
Category  General [Gen]  
Attendance Hours  7.0  
Current Price  $ 114.00 AI
$ 137.00 Full
 
  Instructor    
Robert E. Bainbridge, MAI, SRA  
    
 
  Location    
Appraisal Institute - Online Education
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
  Appraisal Institute  
Email  OL-Help@appraisalinstitute.org  
Phone  (877) 674-2447  
 
  Description    
Overview:
This seminar provides instruction in the appraisal of convenience stores. It assumes knowledge of and experience with basic appraisal theories and fundamental appraisal practices.

It is impossible for an appraiser to conduct a productive interview with a convenience store owner, buyer, or seller without a working knowledge of the industry. When discussing a convenience store appraisal with an owner-operator, the appraiser must realize that fuel margins are less than in-store margins, that a new store’s average cost exceeds $1 million, and that the owner-operator struggles to compete with hypermarkets and mass merchandisers.

Syllabus:
Module 1: Industry Assessment
Module 2: Trade Area Analysis
Module 3: Site, Store and Fuel Service
Module 4: Valuation Assessment
Module 5: Case Study
Conclusion

These modules provide necessary guidance that experienced commercial appraisers need when working with convenience stores.

The modules in this seminar follow closely the Appraisal Institute’s book, Convenience Stores and Retail Fuel Properties: Essential Appraisal Issues. This seminar addresses the areas of weakness that most experienced commercial appraisers have with this type of property. The seminar also addresses retail site criteria, store building issues, the fuel service, and descriptions and treatment of store equipment.

Throughout the modules presented in this seminar, useful, up-to-date reference and statistical material is provided from industry sources such as the National Association of Convenience Stores, and Oil Pricing Information Service and CS News, a trade journal.

Finally, a case study gives students hands-on experience in applying the knowledge learned in the previous modules.


Learning Objectives:
  • Describe the convenience store industry, current business trends, and the future direction of this retail trade channel.
  • Assess current trends in the convenience store industry and determine how they impact the operation and profitability of the subject.
  • Find vital sources of information and data that are needed in the appraisal of convenience stores, including leading trade journals and industry reports.
  • Describe the trade area, quantify supply and demand within the local market, and assess how these factors influence the operation and profitability of the subject.
  • Analyze supply and demand for convenience stores within the trade area.
  • Find sources of data and demonstrate analytical tools that are helpful in trade area analysis.
  • Examine specific considerations and issues that are unique to the appraisal of convenience stores.
  • Apply the cost, sales comparison, and income capitalization approaches to a convenience store appraisal.
  • Identify specific considerations that should be made in the three approaches.
  • Develop an allocation procedure for processing the income approach.

    AI CE Credit for Designated members, Candidates for Designation and Practicing Affiliates
    This program is approved for 1.25 hours of Appraisal Institute CE credit for every hour taken.

    •  
      Disclaimer    
    Cancellation Policy
    If you are unable to complete a seminar once it begins, you may cancel out of the seminar before the official seminar end date. Once you cancel out of a seminar, however, you must start the seminar over at the beginning in any later enrollments. You cannot be placed into the seminar where you left off before canceling.

    The following tuition refund policy is in effect for canceled online seminars based on the amount of material completed in a seminar:

    • Less than 25% of the seminar completed: $60 cancellation fee

    • More than 25% of the seminar completed: no tuition refund

    		   Transfer Policy
    If you wish to transfer a registration from one seminar to another, the following transfer policy applies based on the amount of material completed in a seminar:

    • Less than 25% of original seminar completed:
      • First transfer allowed: no charge
      • Second transfer allowed:
         $60 charge
               (for 7 hour programs and above)
         $35 charge
               (for 6 hour programs and below)
      • Any transfer not allowed beyond two

    • More than 25% of original seminar completed: no transfer allowed

    If you transfer from a lower priced seminar to a higher priced seminar, you will be responsible for paying the difference using the automated online system. If you transfer from a higher priced seminar to a lower priced seminar, an appropriate tuition refund will be issued.

    		    
    I agree to the terms and policies set forth under the Appraisal Institute Online Education Policy. I also certify that I am the person identified above under Personal Data and that I will personally complete each assigned module of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a member of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, that I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Appraisal Institute's Code of Professional Ethics and Standard of Professional Appraisal Practice, and that such peer review proceeding may result in termination of my Appraisal Institute membership.
     
      Additional Information    
    ONLINE CLASS ACCESS
    Please allow 1 hour after registration to start an online session in progress (on or after the session start date). Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. You will automatically be taken to the "My Appraisal Institute" page. Near the middle of that page your course will be listed with a link next to it that says "Go To Class".

    If you have any questions, please email us at OL-Help@appraisalinstitute.org.


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