Due Diligence Study
Conducting due diligence on real estate in Nigeria is an important step to minimize risks and ensure a successful transaction. Here are some key steps to follow:
Verify property ownership
Verify that the seller actually owns the property by conducting a search at the Land Registry to confirm the title and identify any encumbrances.
Conduct a physical inspection
Conduct a physical inspection of the property to identify any physical defects, such as cracks, water damage, or structural issues.
Check for outstanding taxes and fees
Check if there are any outstanding taxes or fees owed on the property and ensure they are paid before finalizing the transaction.
Review legal documents
Review all legal documents related to the property, including the Deed of Assignment, Deed of Lease, and any building plans or permits.
Confirm zoning and land use
Confirm that the property is zoned for the intended use and that there are no restrictions or limitations on the type of development or use.
Consult with local experts
Consult with local experts, such as lawyers, real estate agents, and surveyors, to obtain professional advice and guidance on the transaction.
By conducting thorough due diligence on real estate in Nigeria, investors can minimize risks and make informed decisions about their investments. It is important to seek the guidance of local experts to navigate the complex regulatory and legal environment in Nigeria.
Conducting a feasibility study is an important step to assess the viability of a new business in Nigeria. Here are some key steps to follow:
Define the business idea
Define the business idea and develop a clear understanding of the products or services that will be offered.
Conduct market research
Conduct market research to identify the target market, assess the competition, and understand consumer preferences.
Assess the regulatory environment
Understand the regulatory environment and identify any legal or regulatory requirements that must be met to operate the business.
Estimate costs and revenue
Estimate the costs of starting and operating the business, including capital expenditures, operating expenses, and personnel costs. Estimate potential revenue streams based on market research and sales projections.
Conduct a SWOT analysis
Conduct a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis to identify potential challenges and opportunities for the business.
Develop a business plan
Develop a comprehensive business plan that outlines the goals, strategies, and tactics for launching and operating the business.
Seek expert advice
Seek expert advice from local professionals, such as lawyers, accountants, and business consultants, to ensure that the feasibility study is thorough and accurate.
By conducting a thorough feasibility study, entrepreneurs can assess the potential risks and rewards of starting a new business in Nigeria and make informed decisions about their investment.
Feasibility & Due Diligence PackageLet us do all the work for you!
Video of the Property/land
Land Documents Research
In Person/Virtual Owner Meeting
Purchasing Real Estate - Brokers in Closing the Deal
Feasibility Study: commissioned to research the landscape and risk for new business ideas to test its viability