1. Define basic requirements: 7 to 14 days
Size and layout
Expansion requirements
Down payment available
Mortgage terms desired
Image and quality
Geographical area
Intangibles
Goals and assumptions

2. Preliminary Analysis: 7 to 14 Days
Preliminary market surveySales comparables reportEstimated mortgage calculations
Proforma cash flow analysis
Lease vs. buy analysis

3. Selection / strategy with support team: 3 to 14 Days
Attorney
CPA or Financial Advisor
Space Planner
Mortgage Broker
Interior Design

4. Determine alternatives available: 7 to 90 Days
General market knowledge of “deals” availableSearch of database / Commercial MLSVerification of terms and conditions

Present list

5. Narrow down alternatives: 7 to 14 Days
Inspection tours of likely alternativesSelection of 3 – 5 best alternativesPreliminary space planning of best alternatives
Selection of top alternatives

6. Analysis of alternatives: 1 to 7 Days
Financial analysisLayout efficienciesIntangibles and goal analysis

7. Final selection: 7 to 90+ days
Choose top alternativeEstablish terms requiredPrepare and present Purchase and Sale Agreement
Counter offer as necessary

8. Contingency Period: 15 to 90 days
Review and note time requirementsHire appropriate servicesDo detailed inspections
Finalize financing
Make appropriate applications
Remove contingencies in a timely fashion

9. Closing: 1 to 7 days
Closing Checklist

10. Tenant improvement or Renovation: 0 to 90 days
Monitor progressReport progressFinal walk through check

Total Time Required
55 to 430+ days
Realistic Time Frame
120 to 180 days.