Decision time when buying a businessOn conditional acceptance when buying a business, gather all your facts, information and projections. Present any legal aspects to your solicitor, and all financials, including projections for the bank, to your accountant. Then present your low-risk business proposal to the bank, to get the okay on some suitable finance. This is your decision - it has to feel right, check out right, and sit well with your advisors advice prior to you going unconditional. For help in securing business finance at the best possible rates.
Only once you are happy that everything stacks up, that the bank has approved the money, and your solicitor and accountant are happy, do you go unconditional and complete the purchase. Remember, buying a business, and buying this one is your decision.
These points are intended to act as prompts - they provide an overview only. When purchasing a business always seek professional advice.
By Richard O'Brien - nzbizbuysell
For further information on how to buy a business in NZ - visit Business Sales NZ.Recommend this article: