Recent content by Nick2024

  1. N

    Buying a business

    Yes going on sold prices for a few shops that I have know have changed hands recently ,but any offer I would make would be on my own valuation just comparing what there asking price is compared to the rest of the market at the moment. Only benefit is I know how this shop has been run/ maintained...
  2. N

    Buying a business

  3. N

    Buying a business

    Cheers for the replies , will speak to my bank ,as it’s been company owned for over 10years they have long term figures which I know sales haven’t really dropped just like all business at the moment overheads have gone up in all areas ! The valuation they gave would obviously be worked on just...
  4. N

    Buying a business

    Too kit an empty unit to the same spec would cost me around the 80-90k mark obviously the value of the equipment has gone down in value as it’s in use . It’s currently management run so will be able to increase turnover with my full focus and experience . Obviously gas /elec and product costs...
  5. N

    Buying a business

    The vendor is looking to invest elsewhere so would want all the cash if u meant paying them over a longer term. It’s a takeaway so be around 80k in fixtures fittings equipment, the rest be for goodwill . This is where I was looking for advice , as unsure how much cash upfront I would need to...
  6. N

    Buying a business

    The company that I work for is looking at selling one of there stores . If I was to look at purchasing it off them what would be the best way to finance this , say asking price is £180k with turnover of over 500k . Gp around 70% . Would be first call be to my bank ? What deposit would they be...
See more
Top Bottom
Community
Articles
Menu