Phase  I  -  20 to 30 Days

Task

Document

Timeline

Prepared By

Executed By

Delivered To

Seller will work with Buyer to generate a “letter of intent” document.   The “earnest money deposit” in certified funds to Seller’s attorney.

5 to 7 pages

7 to 10 days

Seller and Buyer

Seller and Buyer

Seller, Buyer and Airport

Buyer should present a “concession concept package” to the airport Property Office within ten business days after the above mentioned “letter of intent” document has been executed.

5 to 7 pages

10 to 14 days  starts after LOI is executed

Seller, Buyer and/or RMD

Buyer

Seller and Airport

Buyer should present a “DBE  Certification Package” to the airport Property Office within twenty business days after the above mentioned “letter of intent” document has been executed.

40 to 60 pages

10 to 20 days  starts after LOI is executed

Buyer and/or RMD

Buyer

Seller and Airport

Buyer should present a “due diligence process” within thirty business days after the above mentioned “letter of intent” document has been executed.

N/A

15 to 30 days

Buyer

Buyer

N/A

Seller should present to Buyer  a detailed list of equipments, furniture and fixtures” which will be acquired by Buyer, upon receiving the executed “letter of intent” document and delivery of the “cash deposit” in certified funds to client’s attorney. 

10 to 20 pages

15 to 30 days

Seller

Seller

Buyer

Buyer should present a “concession concept package” to the airport Property Office within ten business days after the above mentioned “letter of intent” document has been executed.

10 to 20 pages

15 to 30 days

Seller

Seller

Buyer

Phase  II  -  20 to 45 Days

Task

Document

Timeline

Prepared By

Executed By

Delivered To

RMD and Seller will work with Buyer to generate a “asset purchase agreement”  between Seller and Buyer, within thirty business days after a “letter of intent” document has been executed and delivered with the “earnest money deposit” in certified funds to Seller’s attorney.

15 to 20 pages

20 to 25 days starts after the LOI is executed.

Seller and Buyer

Seller and Buyer

Seller, Buyer and Airport

Buyer should present a “construction and engineering package” to the airport Property Office within fifteen business days after the above mentioned “letter of intent” document has been executed.

20 to 30 pages

10 to 20 days  starts after LOI is executed

Buyer

Buyer

Airport

Phase  III  -  20 to 45 Days

Task

Document

Timeline

Prepared By

Executed By

Delivered To

RMD, Buyer and Seller will work with to the airport Property Office to generate an acceptable “lease assignment agreement” document.

15 to 20 pages

20 to 25 days starts after the LOI is executed.

Airport

Seller, Airport and Buyer

Seller, and Buyer.

RMD, Buyer and Seller will work with to the airport Property Office to finalize transfer of business assets to Buyer.

N/A

1 to 2 days  starts after new lease is executed

N/A

N/A

N/A