Aurora Business Brokers Firm can introduce you to a valuation partner. Find out what happens to the premises and your personal guarantee before treating a business sale as a complete exit.
An assignment and a release answer different questions
An assignment may let the buyer use the premises while leaving the seller responsible under a personal guarantee. Ask your attorney to review both issues.
Identify who can approve a transfer and what the landlord will require from the buyer. A conversation late in diligence can leave an otherwise funded purchase waiting.
Make the rent match the earnings story
A buyer evaluates the operation with the occupancy costs it will actually pay. Below market rent or an approaching renewal can change the cash flow that supports the price.
When you own the building separately, decide whether the buyer will rent or purchase it. The operating business and the property need distinct valuation and tax discussions.
Write the handoff conditions into the offer
List the lease term, renewal assumptions and required consents. Agree which party handles negotiations and how an unresolved consent affects the closing date.
Keep written evidence of any release with your closing records. Your attorney should confirm the final documents rather than relying on an informal promise from the buyer.