Our firm was retained to quantify the economic damages sustained at two separate locations as a result of a break and enter at one retail store and flooding at another.
We performed an analysis of historical sales to determine sales trends such as seasonality and growth in order to project sales during the affected time periods. We also analysed the sales trends at nearby locations in order to determine if there had been any make-up sales as a result of the temporary store closures. Additionally, we reviewed financial statements in order to determine a rate of gross profit. In doing so, we performed an analysis of expenses in order to distinguish between fixed and variable expenses. Our reports were used by the insurance company to reimburse the client for damages.