19 Aug Buying a Business – Talk to us First…. Please?
We Know You Don’t Really Need Our Advice – but…
This blog is summarised with this one simple request. Please call us as early as possible if you are considering buying a business. A quick no obligation chat might just end up saving you a lot of heartache and money.
As accountants, we have seen a lot of different businesses and unfortunately some of those businesses don’t do as well as others. When you are thinking about buying a business it is our job to help you understand that business, the likely results for the business, and importantly the value of the business. It is not our job to tell you whether you should buy that “once in a lifetime” business, that will always be your decison to make so we hope it will be an educated and rational one.
What is Due Diligence?
Your decision to buy a business should be guided by facts and analysis. This information is the purpose of your Due Diligence so you can make a fully informed decision about your potential business purchase. This is such a critical issue we have put together a Due Diligence Checklist that you can download for free to guide you through the sort of questions you should be asking.
You can do most of the work yourself – BUT please let us guide your enquiries and ensure you bring in the professionals when it is appropriate.
With over 100 years combioned experience working in business, accounting, and tax we have assisted many clients through the due diligence process. One of the biggest bugbears encountered in that time was finding out too late that clients have committed to buy a business without taking proper advice. Often the price paid for that once in a lifetime business was excessive or the business they purchased was not really the golden goose they imagined.
Warren Buffett says, “It’s far better to buy a great business at a fair price than a poor business at a cheap price”.
What Next?
Call us on (07) 5448 9600 for your copy of the FREE Due Diligence Checklist and let’s make sure your business provides you with everything you deserve.