​FISHER Advisors  LLC

Business Intermediary & 1031 Excgange

REAL ESTATE DUE DILIGENCE 

  1. Appraisal
  2. Assignment and assumption of leases and contracts
  3. Assignment of rents and leases
  4. Bill of sale
  5. Title insurance owner’s policy
  6. Demand note​
  7. Escrow Agreement
  8. Form of lease
  9. Management agreement
  10. Master lease agreement (if appropriate)
  11. Phase 1 environmental site assessment
  12. Property condition assessment – reliance letter
  13. Settlement statement – acquisition
  14. Special warranty deed
  15. Sub-management agreement
  16. Survey
  17. Zoning agreement
  18. Executive Summary
  19. Investment Highlights
  20. Demand Generators
  21. Financial Highlights
  22. Profit & Loss (Actual / Projected)
  23. Annual Property Operating Data
  24. Property History
  25. Disclosures
  26. Property Highlights
  27. Household Income
  28. Flood Designation
  29. Seismicity
  30. Water, Wastewater / Sewer, Tel., Electricity
  31. Cable TV, Landfill / Solid Waste, Refuse
  32. Competitive Set
  33. Aerial Location
  34. Demographics
  35. Financial Assumptions 

​PREPARE​

​Due Diligence Check List

An often overlooked, but very important element to the sales process is understanding the buyer psychology. Having documents immediately available when a buyer requests them, tells the buyer that you have organized processes in place. As such, the valuation placed on your business is based upon organized, defendable numbers and assumptions. And the best time to prepare and organize is at the beginning of the sale’s campaign.


Allow us to do the arduous task of compiling the various business

and real estate due diligence materials listed below ---It's included with our service.


We work seamlessly in the background, coordinating our efforts with your accountant, CPA, office manager, and legal so that buyer’s, at the conclusion of their due-diligence, will be less inclined to attempt a “re-trade” of the purchase price. 

​​​BUSINESS DUE DILIGENCE

  1. Federal Tax returns w/schedule C (3-years)
  2. Bank Statements (3-months)
  3. Financial Reports from the Accountant. Including General Ledger Payroll reports
  4. Monthly Payroll registers (rolling 12-months)
  5. Internally generated sales reports
  6. County Tangible Tax Return
  7. List of accounts with monthly sales volume with a description of payment terms
  8. List of Assets (Furniture, Fixtures & Equipment)
  9. Contracts with customers, vendors, employees and equipment
  10. Accounts Receivable Aging
  11. Description of Real Estate sufficient to order title search and appraisal (see Real Estate Due Diligence)
  12. Information on Employee benefits Plan, including health insurance plans
  13. List of Managers with current salaries and wages and length of employment
  14. Service Records for vehicles and equipment
  15. Summary of Insurance Policies
  16. List of current suppliers
  17. Property tax bills
  18. Utility bills
  19. History of Property Maintenance Expenses
  20. Real Estate lease-review (if owner controlled entity) -- run comparable rent rates for similar asset type.
  21. Corporate Records -- who owns the business and the real estate?
  22. ​Licenses and Permits required


​