Prepared for lenders, CDCs, and federal agencies to SBA SOP 50 10 8, USDA RD Instruction 5001, and conventional underwriting standards. Fiduciary duty runs to the lender and the agency, never the borrower. More than 4,000 studies since 1998 covering $40.2 billion in evaluated project value.
Event-venue feasibility is bookable-date arithmetic: the realistic number of sellable peak and off-peak dates, achievable venue fees and catering capture against the named competitive set, and the marketing reach required to fill the calendar from a regional draw. Winery and agritourism components add production economics and tasting-room conversion. Because these are special-purpose properties, the operating analysis carries the credit: access, parking, noise and land-use permissions, and the management capability behind the booking engine all receive direct treatment.
Methodology surveys the competitive venue set for published and quoted pricing, models the wedding and event demand pool from regional demographics and marriage statistics, and builds revenue from date-level capacity rather than top-down market share. Hospitality components — boutique lodging, food and beverage — are modeled on their own economics and consolidated.
Every Wert-Berater financial model is fully linked with no hardcoded values, so any reviewer can stress any input. Deliverables comprise a complete narrative report and the linked Excel model, with ten-year pro forma, sensitivity analysis at ±5, 10, and 15 percent, interest-rate stress from +0.5 to +3.0 percent, and ratio analysis benchmarked against RMA and IBISWorld data.
SBA engagements are prepared to SOP 50 10 8, including its debt-service-coverage minimums of 1.15x operating and 1.00x global. USDA engagements follow RD Staff Instruction 5001 across the Business & Industry, Community Facilities, REAP, and Value-Added Producer Grant programs. Conventional engagements are built to the lender's stated coverage standard, typically 1.20x. Engagements arrive under SBA 504 and 7(a) for owner-operators and conventional lending otherwise; SOP 50 10 8 special-purpose treatment is addressed where applicable.
Representative work includes a $10,066,000 SBA winery, wedding and event estate with boutique lodging in Temecula, California, determined favorable with conditions, and event-venue analysis within the firm's broader hospitality practice. Independence is non-negotiable: determinations follow the evidence and are not revised under pressure, and studies are built to pass lender, agency, and third-party review without exception items.
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