Factors affecting the valuation
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Value is usually arrived at by a reference from a multiple of profit, based on the level of 'fair maintainable operating profit’ (FMOP) (see RICS Valuation – Global Standards VPGA 4 paragraph 3.1), that a reasonably efficient operator (REO) (VPGA 4 paragraph 2.10) would expect to achieve. It is therefore necessary to consider...
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