Types of Businesses Included in This Toolkit:

• Bowling Alleys
• Miniature Golf
• Fitness Facilities
• Electronic Gaming Facilities
• Amusement Parks
• Horse Racing
• Auto Racing
• Shooting Ranges

Appraisal Methods:

• Income Capitalization Method - Current capitalization rate based on the current share prices of 6 publicly-traded companies that operate leisure venues or fitness facilities
• Market Transaction Method - Summary of valuation multiples based on 71 recent acquisitions of businesses operating leisure venues or fitness facilities.  This toolkit summarizes the typical purchase price expressed as both a multiple of revenue and a multiple of earnings. 
• Comparable Public Companies - Earnings multiples of 6 publicly-traded companies that operate leisure or fitness facilities
• Net Asset Value - Develops a valuation for the business based on the book value of the company's assets and liabilities

Additional Resources Included:

• Instructions - Detailed instructions for applying each of the included appraisal methods
• Calculations Summary - A summary of all calculations provided on a single page in an easy-to-follow format
• Acquisition Roster - Listing of acquisitions of leisure venues and fitness facilities that occurred between 2006 and 2010

Report Format: Adobe Portable Document Format (PDF); Adobe Reader required for viewing

Date of Most Recent Toolkit Update: 9/24/2011