Call us 06 757 4843

“I think there is a difference between a gamble and a calculated risk”                                              – Edmund H North

 

Why we have this service

Buying a business can be a very exciting yet stressful time. At More CA we recognise the need for expert help to prevent your hard-earned money being invested in the wrong place. We help you see through the jargon and make sure you understand exactly what you are getting yourself into.

 

 

Key Benefits of having an accountant involved:

  • Check all the necessary questions have been asked
  • Look at the financial records to ensure everything is correct and there are no obvious omissions
  • Justify the venture and make sure it fits with your needs and situation
  • Help you understand how they calculate values for small businesses
  • Make sure that you are paying what the business is worth
  • Helping you see beyond the numbers and ensure that what you believe you are buying is what you are actually buying

 

 

Whats is involved?

When you have decided you are interested in buying a business you bring key information to us. This includes the last few years financial reports (often a confidentiality agreement is signed between you and the business owner to obtain these) along with other business related information. From here we are able to see if what you have been told is accurate. Looking into all of these factors can make sure you fully understand the business you are buying.

 

Find out more about Purchasing a Business

 

Case Study:

A local man who was interested in buying a business came to see us as it seemed to be exactly what he was wanting. From the outside it looked like a great purchase as it is in a great location, has great foot traffic and is often packed to the rafters with happy customers.

However, once Andrew dug a little deeper it became apparent that it was not worth as much as was being asked. There were important pieces of information missing and other issues disguised within the numbers.  Once these were added into the equation it became very clear that it was not what the purchaser was wanting at all. He also became aware that this business did not fit within his vision and would not have helped him achieve his life and business goals.

What started out as a dream could have easily become a nightmare.

But with a little time, planning and discussion with More CA an unnecessary burden was easily avoided.

 

 

Book your appointment now

 

 

Want to grow your business? Our Free Resources will Help