Articles for Buyers
Should I buy a franchise, or should I buy an independent business?
If you have been planning to buy a business, there is a good chance that you are wondering, is it better to buy a franchise or an independent business?
If you are thinking of buying a business or selling a business, you may be wondering what exactly is meant by the term ‘goodwill’. Essentially goodwill is the price you pay for a business, less the value of any tangible assets such as plant, equipment, furniture and fittings.
What costs should you prepare for when buying a business?
If you are thinking of buying a business, you are probably wondering what costs you will need to prepare for. Here is a list of some expenses and other outgoings that are commonly encountered:
Before fully committing to buying a particular business, you should thoroughly investigate all areas of the business. You should also verify all of the information that has been given to you by the seller. This process of investigating and verifying is known as due diligence.