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141 In the valuator’s opinion as a result of the foregoing analyses and discussions throughout this report, the estimated fair market value on a going concern basis of a 5.45% equity interest in the issued and outstanding common stock of Peachtree Plumbing, Inc. on a control, non‐marketable basis is $295,000. 6.0 FINAL COMMENTS The following section is an integral part of this report and should be read in its entirety.
6.1 Statement of Assumptions and Limiting Conditions 1. The conclusion of value arrived at herein is valid only for the stated purpose as of the date of the valuation.
2. Financial statements and other related information provided by the subject entity or its representatives, in the course of this engagement, have been accepted without any verification as fully and correctly reflecting the enterprise's business conditions and operating results for the respective periods, except as specifically noted herein. Green
Country Business Valuations, LLC, has not audited,
reviewed, or compiled the financial information provided to us and, accordingly, we express no audit opinion or any other form of assurance on this information.
3. Public information and industry and statistical information, if obtained, has been derived from sources we believe to be reliable. However, Green Country Business Valuations, LLC, makes no representation as to the accuracy or completeness of such information and has performed no procedures to corroborate the information.
4. This report and the conclusion of value arrived at herein are for the exclusive use of Green Country Business Valuations, LLC,’s client for the sole and specific purpose as noted herein. It may not be used for any other purpose or by any other party for any purpose. Furthermore the report and conclusion of value are not intended by the author and should not be
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141 investment advice in any manner whatsoever. The estimate of value represents the considered opinion of Green Country Business Valuations, LLC, based on information furnished tome by Peachtree Plumbing, Inc. and other sources.
5. Neither all nor any part of the contents of this report should be disseminated to the public without the prior written consent and approval of Certified Business Appraisers.
6. No change of any item in this calculation report shall be made by anyone other than
Certified Business Appraisers, and we shall have no responsibility for any such unauthorized change.
7. Unless otherwise stated, no effort has been made to determine the possible effect, if any, on the subject business due to future Federal, state or local legislation.
8. Unless otherwise informed or determined independently by Certified Business Appraisers, it is assumed that the underlying assets will not operate in violation of any applicable government regulations, codes, ordinances, or statutes. Green Country Business Valuations, LLC, also assumes that, unless otherwise informed or determined independently, the subject business is in compliance with all federal, state
and local laws and regulations, as well as up to date in regard to filing and reporting requirements.
9. If prospective financial information approved by the Client and/or the Company has been used in our work, Green Country Business Valuations, LLC, has not audited, reviewed, or compiled the prospective financial information and therefore, does not express an audit opinion or any other form of assurance on the prospective financial information or the related assumptions. Events and circumstances frequently do not occur as expected and there will usually be differences between prospective financial information and actual results, and those differences maybe material. Green Country Business Valuations, LLC, does not provide any assurance on the achievability of forecasts provided. Achievement of the forecasted
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141 results is dependent on actions, plans, and assumptions of management.
10. The conclusion of value is based on the stated definition of value. An actual transaction involving the business, the business ownership interest, the security, or the intangible asset may occur at a higher or lower value, depending on the circumstances
surrounding the business, the business ownership interest, the security, or the intangible asset, and the motivations and knowledge of both the buyers and sellers at that time. Green Country Business Valuations,
LLC, makes no guarantees about what values individual buyers and sellers may reach in an actual transaction.
11. The conclusion of value reflects facts and circumstances existing as of the valuation date. Except as noted, Green Country Business Valuations, LLC, has not considered subsequent events and we have no obligation to update our calculation for such events.
12. Green Country Business Valuations, LLC, assumes there are no other hidden or unexpected conditions of the entity that
would adversely affect value, other than those indicated.
13. No opinion is intended to be expressed for matters that require legal or other specialized expertise, investigation, or knowledge beyond that customarily employed by valuation specialists valuing a business, a business ownership interest, security or tangible asset.
14. Green Country Business Valuations, LLC, has not knowingly withheld or omitted anything from our calculation that would affect the calculated value.
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