Buying a Business

Should I get expert advice?

It's always a good idea to speak to an accountant and a lawyer, before you buy a business.

Why is the Business being sold?

Sellers will offer any number of apparently legitimate reasons to explain the sale of their business.

How much should I pay?

Usually a business that is a going concern is sold with a certain payment for "goodwill". Make sure you check the business's accounts.

What are the Sales Prospects?

You should know the sales figures, profiles of buyers, details of suppliers and the stock figures.

Profits and Expenses

It is important to know whether the business will generate enough profits to cover your financial needs and support your lifestyle. Make sure the seller's figures presented as expenses are realistic.

The Assets

Make sure you understand what assets are included in the sale price.

Legal Help

BBC Lawyers will meet your legal needs and preferences.