Blue Magnolia
Estimated components of the $985,000 preliminary combined value.
Real estate.........................$800K
Inventory............................$145K
Business / goodwill..............$40K
Preliminary market analysis; not a certified appraisal.

This is a preliminary market and business analysis for Blue Magnolia, LLC,223 Middle Street, New Bern, North Carolina.

The Executive Summary is that the preliminary combined indicated value of the operating business, inventory, and first-floor commercial real estate is approximately nine hundred eighty five thousand. That is based on 2024 tax return gross receipts of three hundred sixty-one thousand seven hundred eighty-four dollars, ordinary business income of eight thousand four hundred sixty-eight dollars, and 2025 Clover gross sales of three hundred sixty-six thousand seven hundred sixty-three dollars and sixty-four cents, indicating stable revenue. Real estate valuation assumes the first-floor commercial unit only, approximately three thousand thirteen square feet. Recent comps include 315 Pollock, a ground floor commercial condo, sold at roughly two sixty-seven per square foot, and 202 Middle, a two-story mixed-use building, which sold at nine-fifty but is not directly comparable. Applying a conservative two-sixty-five per foot to three thousand thirteen feet supports approximately eight hundred thousand for the real estate. Inventory is carried around one sixty-seven. A market discount of roughly10 to 25 percent is typical, suggesting 125 to 150. Given thin reported profit, a modest provisional goodwill of around forty thousand is included, subject to revision upon normalized earnings. This is not a formal appraisal.
Figures should be verified by a qualified appraiser and CPA.