Buying a Business

Whether you are taking over an existing business or investing in a Franchise, buying a business can be a complicated process so it makes sense at an early stage to obtain independent specialist advice from an experienced accountant. Once the target business has been identified, a substantial amount of thought and planning needs to be undertaken to secure the business on favourable terms.

• The buying process will involve a number of key considerations all of which we would be happy to discuss informally before putting together a proposed action plan:
• Appointing the right advisers to address both the tax and legal implications of buying a business and agreeing the scope of their involvement, their terms and fees;
• Conducting a comprehensive and detailed review of the Sellers Information Memorandum to provide a complete understanding of the business you are buying;
• Deciding on the appropriate offer to make for the business in light of the findings identified in the Sellers Information Memorandum;
• Preparing a business plan that is both practical and credible, deciding on how the acquisition should be funded and identifying the sources of finance available ;
• Negotiating the terms of the Share Purchase Agreement with particular emphasis placed on diluting any post completion requirements that may be imposed by the seller;
• Managing the purchase completion mechanics to ensure the acquisition is secured on your terms.