Recent content by Pepper

  1. Pepper

    Purchasing a shop - goodwill accounting queries

    He's a sole trader. So he wasn't wanting to sell the shop and he would continue to renew his lease until his retirement in 10 or so years. I approached him as I wanted to open a floral shop on that road and expand my business. Is this not common when people want to buy shops? I asked a few...
  2. Pepper

    Purchasing a shop - goodwill accounting queries

    Thanks for your reply! Yep - Already have a solicitor for the lease part (and so does the freehold owner) so that will all change as per usual. It's just the business shop sale part that I was trying to figure out and the accounting for it. Main things are: - Can you buy a "Transfer of...
  3. Pepper

    Purchasing a shop - goodwill accounting queries

    Hi All, I've searched through this site and found many helpful threads but am hoping for some (accounting) advice regarding taking over a shop I've had my offer accepted on. Background: Shop is a small local grocery shop, 7 year leasehold with 3 years remaining, shop owner is a sole trader and...
See more
Top Bottom
Community
Articles
Menu