Buying A Business

Buying a business can be less daunting than setting up a business from scratch – different skills are required. However, the time and effort required to find, research and complete a business purchase is not something you should think about lightly and there can be many pit-falls along the way. This is why it is wise to embark on the process with professional advice and guidance.  We have carried out the process more than the once or twice that you are likely to have carried it out and can help you avoid the pit-falls and understand what you are actually buying.

Once you have found a business that you would like to buy, there are a number of matters which you will need to consider with your advisors including:

• How do I find out more about the business?
• How do I protect myself from liabilities prior to our getting involved with the business?
• How much should I pay for the business and how should this payment be structured?
• What should I pay for the different assets?
• Should I buy the company or the assets?  What are the risks and benefits?
• What are the risks when buying this business and how can I minimise my exposure to these risks? 
• What do I do next?

Making the right decision at this early stage could save you a lot of money and mean the difference between success and failure. 

We can help discuss the process with you and work closely with you and your other advisors to put together a deal and advise on the types of questions to ask and the types of agreement required.