Buying and Selling a Business

Is there a track record of existing customers and what products are and are not selling?
Are customers satisfied and will they remain loyal?
Identify and assess the value of all key employees.
How important is the current role of the owner?
Is there well established systems and processes that will aid the management of the business?
Are the facilities and the overall business compliant with legislative requirements?
If so, what are the associated liabilities with taking over the lease?
Do not take historical financial statements on face value. Have a qualified accountant experience in buying a businesses review the available financial information.
What is the market value of the inventories?
How intensive is competition and how well is the business positioned to remain competitive?
Determine a sound method for valuating the businesses’ market value
Make sure the business is paying you a wage
Get professional help

What to do now?

For more information please see our range of Business Resources on buying a business?

Buying a Business BIZ Fact Information Guide PDF
Buying a Franchise BIZ Fact Information Guide PDF