Reviewing Assignee's Financials

[Khaled Seirafi]

Hi all,

I have a commercial tenant in my mixed-use property who's selling his business. What sorts of ratios should I require for income vs expenses on the potential assignee's financials? And in general, what other items do you recommend I look at. I know that I'll be looking at gross and net income, expenses, and their taxes/insurance over the past 5 years. Just want to get some advice from someone who's done this before. 

[Joel Owens]

Would look at the track record and experience of the purchaser for this type of business along with liquidity, net worth, and current debt obligations with expansion plans.