Recent content by Forest Magic

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    Sold my Business - Need advice on VAT for my Stock Valuation

    Very useful - thanks
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    Sold my Business - Need advice on VAT for my Stock Valuation

    Hi Lisa I couldn't get to speak to my accountant at time of asking but he has now spoken to me about the situation. 'One thing that might changes things is whether the purchaser is buying the business as a whole on a going concern basis, or just the assets on a break up basis?'- Yes, i...
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    Sold my Business - Need advice on VAT for my Stock Valuation

    Hi there Got a buyer for my business Can anyone help me with the following question I am VAT Registered on Standard Scheme and am a retailer with a large amount of stock that the new owner will be buying at a valuation. The question is when we agree an amount at cost do i then charge them the...
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    Questions to ask potential buyers of business

    His agent has raised the concerns on his behalf - i will ask him but just trying to get ahead of the situation
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    Questions to ask potential buyers of business

    Hi there i have a lease on a business that is currently up for sale. My landlord wants to know more about potential purchasers so that he can assess their risk to him before deciding whether he is happy moving forward. There has been a spell of rogue businesses set up in the area where the...
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    Is it worth trying to sell or should i just close?

    there is no redundancy due to the part timer as he will not have worked long enough to qualify
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    Is it worth trying to sell or should i just close?

    Hi and thanks for your response I have an under lease with my landlord who has the lease with his landlord on a peppercorn rent. I have just heard this afternoon that my landlord is handing his lease back in the next few weeks so i will then be having a new arrangement (although the same terms...
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    Is it worth trying to sell or should i just close?

    Thanks Mark for your input, i too wish you a Happy New Year
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    Is it worth trying to sell or should i just close?

    as far as i believe there won't be a rent increase
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    Is it worth trying to sell or should i just close?

    yes, comfortably
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    Is it worth trying to sell or should i just close?

    Not really looking for much investment - just fixtures and fittings, cost value of stock etc.and maybe a little of goodwill - i wouldn't run it down in stock until final 3-4weeks - then have a huge sale at the end
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    Is it worth trying to sell or should i just close?

    I would continue to stay open until lease is finished
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    Is it worth trying to sell or should i just close?

    about 50
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    Is it worth trying to sell or should i just close?

    i work myself with a part time member of staff who works 12 hours - his wages accounted for - the rest is my drawings
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    Is it worth trying to sell or should i just close?

    Net profit is roughly about £750 a week
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