Case Studies ∴ Loss Of Goodwill Value $3.4 Million Awarded

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$3.4 Million Awarded To Small Business Owner For Loss Of Business Goodwill

Case Background

The Redevelopment Agency of the City of San Diego condemned Gran Havana, coffee shop, cigar factory, and hookah bar owned by Mr. Ahmad Mesdaq in downtown San Diego. Gran Havana was a start-up business experiencing rapid growth. The business had potential to generate high profits and to become one of the Gaslamp Quarter’s most prominent businesses. The City’s condemnation suit eventually forced Gran Havana to close down permanently. The city’s goodwill expert opined that Gran Havana did not lose any goodwill value. Nevin Sanli, of SP&H, determined that Gran Havana lost $3.4 Million in goodwill value.

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