| • | Analyze existing facility, review demographics
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| • | Observe and review entire operation in all departments |
| • | Hold discussions with owner/seller and their accountant |
| • | Review management, equipment, improvements and property |
| • | Analyze existing competition within a 3 mile radius |
| • | Check with City Planning Department to determine if any new car washes are being planned or built
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| • | Analyze existing marketing and advertising programs, bonus and commission schedules, any employee agreements, medical and pension plans, vendor agreements and Sub-Leases (if applicable)
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| • | Analyze how extra services and sales may be added or upgraded
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| • | Review property to determine what additional profit centers may be added, such as oil lube, smog testing, gasoline, express detailing, engine cleaning, convenience store, windshield repair, paint chip repair, etc.
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| • | Review existing computer software for suitability
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| • | Review operational income and expense statements
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| • | Review Lease Agreement (if applicable) regarding lease terms, rent increases and other conditions that would affect buyer
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| • | Assure that the property is free of toxic contamination. Provide recommendation if an Environmental Phase One is required.
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| • | Prepare a valuation of the business to use in determining a reasonable purchase price
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| • | Provide a list of Conditions and Contingencies to be used in preparing an offer, escrow instructions and Purchase and Sale Agreement
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| • | Analyze facility for possible State and Federal violations
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| • | Provide handbooks, materials and forms to be used in the operation
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| • | Provide new bonus and commission schedules, marketing and advertising programs, in the event business is purchased
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| • | Review offers, purchase agreements, assist with negotiations, interact with buyer’s attorney and accountant to protect the buyer’s interest
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| • | Assist buyer during due diligence period
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| • | Provide a Business and Operational Plan for use by owner, management and, as required, by outside lenders if purchase is completed
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| • | Provide lender’s contacts for outside financing
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| • | Provide insurance contacts for required coverage
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| • | Provide unlimited telephone consultations with all parties involved
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