Buying and selling a business
Our commercial and business team has an excellent reputation for effective and thorough work across a wide spectrum of business related transactions.
We advise on a range of issues including, but not limited to:
- The sale and purchase of businesses of all types and sizes
- Finance arrangements with institutional lenders including mortgages
- Advising on business structure including sole traders, limited companies and limited liability partnerships
We act at both local and national levels across a wide range of business types including hotels, guest houses, restaurants, public houses, retirement homes, funeral directors and many other business types.
We will guide you through the various aspects of the transaction including advising on matters specific to your particular business type, such as licensing and statutory compliance. Our aim is to ensure that the transaction proceeds to a smooth conclusion at the same time as protecting your interests and ensuring that you are fully aware of any liabilities you are taking on, or retaining as a seller.
We will seek to maximise the benefit you obtain from the transaction at the same time as trying to minimise the risks you are exposed to, both in terms of the structuring and also so far as is possible the financing of the deal. We work alongside accountants and other professionals to achieve this.
Whilst it is very difficult to estimate the length of time a deal will take, the one thing that is certain is that the more information available at the outset, the more likely it is that there will be fewer delays. If you are considering either acquiring or disposing of a business it is vital that you do as much groundwork as possible at an early stage. You should speak to us and your accountant as there may be substantial savings that can be made if you receive the right advice at the outset rather than when a deal has been agreed.
If you are selling a business the buyer will want to receive as much relevant information as possible and before you agree a sale you should begin the process of gathering together all relevant information including, but not limited to:
- Property details
- Employee list and contracts of employment
- Statutory compliance documentation
- Supply contracts
- Maintenance contracts.
- Licensing agreements
- Financing agreements
- Intellectual Property Rights
Please contact us to discuss your requirements.