For Buyers: Navigating Your Purchase
Why is the business being sold?
Businesses are sold for many reasons, including retirement, new ventures, or changes in personal circumstances. We ensure you have all the relevant information to make a well-informed decision.
What am I actually buying?
The specifics depend on the business type. For sole traders or partnerships, you're buying the assets, while purchasing a limited company may involve taking on its assets and liabilities.
How is the business valued?
Our valuation considers profitability, location, turnover, and goodwill, ensuring a realistic price aligned with market trends.
What due diligence should I carry out?
We recommend reviewing financial records, legal documents, and day-to-day operations to verify the business's performance and uncover any potential risks.
What’s the difference between a freehold and a leasehold purchase?
A freehold includes ownership of the property and the business. At the same time, a leasehold gives you ownership of the business and its assets and the right to operate from the premises under agreed lease terms.
What do property use classes mean?
Use classes define the permitted activities for a property, such as:
- E: Shops, offices, restaurants
- Sui Generis: Pubs, bars, nightclubs
For Sellers: Simplifying Your Sale
Why should I sell my business now?
Selling can be suitable for many reasons, such as retirement, pursuing new opportunities, or a desire to focus on other areas of life.
What am I selling in practical terms?
You may sell the assets of your business (if it's a sole trader or partnership) or the entire company, including its liabilities (if it's a limited company).
How do you determine the value of my business?
Our experts assess your business based on its financial performance, customer base, and market position to provide an accurate and fair valuation.
What should I expect during the buyer’s due diligence?
Buyers will examine your financial history, legal compliance, and daily operations. Being prepared with accurate records can streamline the process.
What’s the difference between selling a freehold or a leasehold business?
Selling a freehold includes both the business and the property. A leasehold sale transfers the business, its fixtures, and the rights to occupy the premises.
What do property use classes mean for my sale?
Use classes specify how a property can be used. For example:
- E: Retail, restaurants, offices
- Sui Generis: Bars, nightclubs, and certain unique uses
