Buying a business is a serious commitment. You should always seek professional advice before buying it.
An established business may come with an existing customer base that is already trading and producing revenue. BUT on the downside you may also inherit any problems that the business has. You need to know exactly what you are buying and be extremely clear about your ability to run it.
Buying a business can be a very complex process. You will need to acquire expert help and perform adequate due diligence on the business you plan to buy. You must ensure it is feasible, has a well-developed market for its products or services, and is fairly priced.
WealthVisory can help you to analyse and check the business records, and operations. You will also need to check that the business has the appropriate licences, permits and registrations and find out which ones can be transferred to you.
Contact us today for a no obligation chat about how we can assist you in the business buying process