Please note: the content in this document are general and some areas may not apply to specific businesses.
SUITABILITY OF THE PURCHASER FOR THE BUSINESS
ASSESSMENT OF THE BUSINESS
Valuation of goodwill
Assessment of trading record (past, present and projected)
Valuation of fixtures, fittings and equipment
Other possible considerations
Negotiations
Occupancy of premises
Leases - check most relevant clauses
Personal details of vendor(s)
Advice on finance
Formal searches after execution of contract
DOCUMENTATION
Before execution of contract
At execution
After execution but before settlement
Immediately prior to settlement
At settlement
The vendor supplies:
The purchaser supplies
Immediately after settlement
The Purchaser: