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Due Diligence and the Business Transaction: Getting a Deal Done by Jeffrey W. Berkman

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Due Diligence Plan for KMF Franchisee, LLC, Investment

I. Transaction Overview

  1. Nature of the transaction: acquisition of an ownership interest in an LLC, KMF Franchisee, LLC, which currently has two partners
  2. Asset to be acquired: 33% of the membership interest in an LLC
  3. Nature of the business: owns four Rocky Robbins Ice Cream Bar franchises
  4. Consideration: $225,000 (all cash)
  5. Personnel: multiple full- and part-time employees; manager of all four stores is in last year of contract.
  6. Initial deal issues:
    • a.  Terms of the franchise agreements for the stores
    • b.  Potential competition from former partner
    • c.  A $100,000 loan is held by the former business ...

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