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Purchasing a business

Generally speaking, there are two primary ways businesses tend to grow – they either scale up by increasing revenue while keeping costs to a minimum, or they expand by adding resources at the same rate that they generate revenue.

One way of expanding quickly is to buy another business to fast track growth, and it’s an attractive proposition for many owners of successful businesses because on paper it’s an almost overnight solution to significantly increasing your customer base and revenue.

But as you might imagine, it’s an approach that carries a degree of risk. Get dazzled by the upside of an acquisition deal and fail to see – or choose not to see – the downside, and it’s easy to lose everything you’ve worked so hard to achieve.

We’ve had many years of experience in helping our clients to buy businesses and we can be the cool and objective head you need to do the downside thinking and either get the right deal done the right way and to your best advantage, or to help you walk away.

Our experience means we’re perfectly placed to carry out the necessary due diligence on the company you plan to acquire and ensure you’ve considered all the potential issues you’ll have to resolve if you go ahead.

Once you’re absolutely certain that this is the deal you want to pursue, we’ll help you to:

  • Negotiate the best price and payment terms
  • Plug into the most appropriate form of finance at the best possible rates
  • Ensure your purchase is completed in the most tax efficient way
  • Plan your cash flow requirements
  • Project manage the purchase to control costs and ensure timelines are met

But we can also add value when it comes to advising you on how to approach the issues and challenges that come from taking on your new employees you’ll be inheriting.

There are a whole host of things you need to consider when it comes to your responsibilities as an employer in this situation and it’s essential you understand the implications before you complete the deal.

Interested in talking about how we can help you make the right decision when it comes to buying another business? Call us on 020 3667 5200 or email us at info@nicholas-peters.com  and let’s start the conversation.

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