Valuation of Restaurants

Abstract

Considers the close regard that must be paid to the legal framework within which restaurants must operate, particularly town planning, licensing and other statutory controls. Queries the traditional ‘zoning′ approach and prefers a more universally applicable overall approach. Concludes that valuation on a direct comparison basis with nearby retail units often results in a value that bears no relationship to the reality of the market place for a specialised type of property.

Citation

Aarons, L. (1991), "Valuation of Restaurants", Journal of Property Valuation and Investment, Vol. 9 No. 3, pp. 241-246. https://doi.org/10.1108/EUM0000000003301