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Analyze existing facility - the same way an interested buyer or his advisors would
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Observe and review entire operation in all departments
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Review management, equipment, improvements and property
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Determine what additional services or profit centers could be added to increase income
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Analyze competition within a 3 mile radius
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Check with City Planning Department to determine if any new car washes are being planned or built
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Review Lease Agreement and Sub-Leases (if applicable) to determine conditions of lease and if lease can be assignable
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Determine if the property is free of toxic contamination, if an Environmental Phase One will be required
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Recommend or we prepare a Professional Business Offering Booklet, including photographs
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Review Operating Income and Expense Statements for the past 2 years
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Prepare a valuation of the business to use in determining a purchase price
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Appraisal of property (if included in sale) should be performed to determine value of land
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Recommendation regarding what is required to get business, improvements and property in order and attractive to prospective purchasers
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Determine the status of management team. Will existing management remain after sale?
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Review offers, purchase agreements, assist with negotiations, interact with seller’s attorney and accountant to protect seller’s interest
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