Buying a Business

• Great care needs to be taken to ensure that you know exactly what assets you are buying, what you will become responsible for and whether the Goodwill (if any)has the value that the seller claims it has.
• The earlier in this process that you seek Legal advice the better.  Mistakes will prove costly.
• There are investigations that can be made by us which may enable you to reduce the purchase price.
• Some items that need to be examined are;
• Stock - What is the real value?
• Goodwill - What does this represent?
• Premises - How long and on what terms will be allowed to stay there?
• Employees - What are your legal obligations to them? What are your alternatives?
• Restraint of Trade - What is the Seller moving on to do? Where?

Selling a Business

• There are a number of important steps you can take to maximise your price that we can advise you about.
• What do you intend to do after the sale can affect how the Contract for Sale is drafted.