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Going-concern value is the value of a property that's still being used for business. It includes not just the physical things like buildings and land, but also the business's reputation, customer base, and ability to make money in the future.
For example, imagine a popular hotel with a great location, loyal customers, and a well-known brand. If someone wanted to buy the hotel, they would consider not just the value of the building and land, but also the income it generates and its reputation in the industry.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
In the town of Value-ville,
A hotel stood on a lovely hill.
The building was grand, the land so fine,
But more value was hidden, like a secret sign.
The guests were loyal, they'd come each year,
The hotel's reputation, it was crystal clear.
The going-concern value, that's the name,
For this hotel's worth, more than bricks to claim.
It's not just the structure, the walls and the door,
But the business it brings, and even more.
The going-concern value, remember this term,
For in real estate and business, it's an important concern.