Buying A Business Tips

April 17, 2019

Things to Watch Out For When Buying a Business

Failure to disclose information You should be wary of a seller who is failing to disclose important information, such as why they’re selling, the lease, licences, permits and staff. Poor business performance Be wary of sellers who are subject to: pending litigation have a record of customer complaints talk up the cash trading drop the sale of their products or services to bump up gross sales before selling the business. Make sure the business you buy is not overvalued by completing financial due diligence. Have an accountant analyse the financial information provided by sellers to see if a business is profitable. Sellers behaving badly Watch out for sellers who won’t allow a trial period, won’t introduce you to suppliers, the […]