Resolve the Property Plan Alongside the Business Succession Plan

When a retiring business owner also owns the operating property, succession planning must account for the building’s future. Fast Commercial Capital’s companion perspective examines the capital questions around purchasing the property, retaining it under a lease arrangement or addressing existing property debt. Review ownership, condition, valuation, financing requirements and occupancy costs, then reconcile them with the business acquisition budget. The property and operating company need compatible plans without assuming financing on particular terms. Transaction-specific professional review remains essential. Don McClain, Founder & Principal of Medro Advisors, is the author of the forthcoming FUNDED.