Buying a Business FAQ

How can I find the right business to buy?

Monahans Corporate Finance team will work with you to build a profile of the sort of business you are interested in purchasing. We can then research the market for all businesses that meet your ideal profile, whether they are currently for sale or not. We can then undertake further research to produce a final shortlist of organisations to approach.

I don't really want to approach businesses, can Monahans help?

We can make confidential approaches on your behalf. Often the current owners may not be actively looking to sell but we are highly experienced in making an initial approach that may well generate some interest.

How can I finance a purchase?

Monahans can help you to put together a business plan that will be a powerful tool in generating interest from finance providers. We have excellent contacts with an extensive range of finance providers and will help you to negotiate the best deal for you.

Will I need legal input?

Buying a business is a complex process and it is important that you use an experienced corporate lawyer. We have extensive legal contacts in the South West and can help you to select the best business lawyer for your circumstances.

How do I go about negotiating the best deal?

Monahans will be able to provide critical analysis of the business which can then be used for negotiating purposes. We will be able to provide commercial input into the entire legal process so you get the best deal possible. There are many questions to ask before finalising on a price such as:

• How reliant is the business on the current owner and do you expect them to remain for a transition period?
• What are the trends within the industry sector it operates in?
• How reliant is the company business on one or two products or a limited number of clients?
• Is there a danger that key employees may leave?
• Have they stripped out costs to improve the profitability which will need to be added back? These could include sales and marketing costs, adequate stock levels and cost of insurance cover.

Contact us for more details.

 

 

 

 

 

 

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