ServicesBusiness and Property Sales
Selling a Business and Its Property in Elgin
Owning the land or building under your business opens up options. You can sell them together, sell the business and rent out the property, or keep the two separate. We help you choose and give you a schedule you can really plan on.
One deal, two assets, one schedule
Selling a business is one job. Selling the real estate under it is another. They have different buyers in mind, different paperwork and different lenders asking different questions. When both are on the table, the slowest piece sets the pace for the whole deal.
We start by sorting out what you actually want. Some owners want a clean exit and to walk away from the property. Others want rent checks for the next ten years. Some buyers can only afford the business today and want an option on the building later. Each choice changes the price, the financing and the closing date, so we settle it early.
Then we build one calendar that covers both sides. Appraisal, environmental report, survey, title, lender review and the business due diligence all go on it. You know what is due, who is doing it and roughly when. If a date slips, you hear it from us that week, along with what it does to closing.
What we handle on a business and property sale
- Structure options laid out side by side
- We walk you through selling together, selling with a lease, or selling with a purchase option. You see how each one affects your proceeds, your taxes to discuss with your CPA, and the timeline.
- Separate value for business and real estate
- Buyers and lenders want to see the business value and the property value apart. We prepare the business valuation and coordinate with a real estate appraiser so the two numbers hold up to a lender's review.
- Lease terms that make sense for both sides
- If you keep the property, we help set rent, length and renewal options that a buyer's lender will accept. A lease that is too short or too steep can stop a deal cold.
- Property reports on the calendar early
- Environmental reports, surveys and title work can take weeks. We get them ordered at the right point so they do not hold up closing.
- Confidential marketing to qualified buyers
- Your listing goes out without naming the business, and new listings go to registered buyers first. Buyers sign a confidentiality agreement before they see the address or the books.
When this kind of sale fits you
Your business runs in a building you own
Whether the business and property share one name or sit in two entities you control, plan for both before either one goes on the market.
The land could be worth more than you expect
Growth east of Austin has kept coming, and the ground under a business can hold real value by itself. It should get its own appraisal, not a hunch.
You'd like income after the sale
Holding onto the property and renting it to the buyer can bring in a monthly check instead of a single payment. Set the lease up before buyers start looking and it works best.
A buyer wants to know about the building
As soon as a buyer asks if the property is included, you need an answer and a number. Have them ready ahead of time rather than inventing them at the table.
What changes the cost and the schedule
Listing your business with us costs nothing up front. There are no retainers and no hidden fees, and we are paid only when the seller is. Outside costs such as appraisals and reports vary with the property and the deal.
How the deal is set up
An outright sale of both is usually the easier path. Adding a lease and a purchase option means more pieces, more drafting and more review.
State of the property and its reports
An older building, fuel tanks or a history of industrial use can call for deeper environmental review. That raises the cost and adds weeks.
How the buyer pays
When one lender funds the business and the real estate, it orders its own appraisal and asks for more documents. Cash buyers close sooner, but there are fewer of them.
Title, survey and zoning questions
A clean title and an up-to-date survey keep the deal on pace. Easements, boundary disputes or a use that clashes with current zoning take longer to resolve.
How the work runs, start to close
- 1
Free consultation
We talk at our office or by phone or video. You tell us what you own, what you want and when you want to be done. We tell you what is realistic.
- 2
Value and structure
We put a value on the business and line up the property appraisal. Then we pick a structure: sale, lease, or lease with an option to buy.
- 3
Prepare and list
We gather financials, lease drafts and property documents, then market the deal confidentially. Registered buyers see it first.
- 4
Offer and due diligence
Once you accept an offer, we run one shared calendar for the buyer's lender, inspector, title company and your advisors. You get regular updates, and a call the moment a date moves.
- 5
Closing
Business and property close together or on a schedule set in the contract. We stay on it until both are done.
Questions about selling a business with property
Do I have to sell the building with the business?
No. You can sell both, keep the property and lease it to the buyer, or give the buyer an option to buy it later. We show you how each choice affects price and timing so you can decide before listing.
Can a buyer finance the business and the property together?
Often, yes. Many lenders will finance both in one loan, and real estate can help a buyer qualify with a longer payback period. The lender will order its own appraisal and review, and we build that into the schedule.
How much longer does it take than selling just the business?
Usually some, because appraisal, environmental, survey and title work run alongside business due diligence. We give you a realistic range at the start and update it as the buyer's lender moves. If something stalls, we tell you why and what we are doing about it.
Do I need a separate appraisal for the real estate?
In most cases, yes. Lenders and buyers want the property and business valued on their own. We handle the business valuation and coordinate with a real estate appraiser.
What if the buyer only wants to lease the property?
That can work well if you want ongoing income. The lease needs terms a lender will accept, usually long enough to cover the loan. We help set rent and renewal terms that protect you and still let the deal close.
Let's map out your sale
Tell us what you own and when you want to be done. We will give you a straight answer on structure and timing, and keep you posted as it moves.