Conveyancing For Buying or Selling a Business
The highly trained and experienced professionals at Jim’s Conveyancing will guide you through the often complicated process of buying or selling a business.
Price and settlement date are not the only critical elements of negotiating the sale or purchase of a business. Also of critical importance are the terms of the lease, the handover period, an analysis (by your accountant) of the profitability and cash flow, restricting the trade of the person selling, council regulations which dictate the type of business you can operate at the premises and much more.
Even more so than the sale or purchase of a property, the variables in buying or selling a business are extensive. If you choose the wrong representation you could lose a sale, end up without a lease (or your bond back) on the day of settlement, or fail to meet council (or liquor licensing) requirements. Even worse you could discover that the inclusions specified in your contract are all leased and are repossessed after you start trading.
We will be heavily involved prior to the execution of the contract, then arrange and/ or negotiate the transfer of the lease, guide you through the process of obtaining council permits and other approvals, as well as transferring domain names, business names and all other documents. We will attend settlement on your behalf and ensure all change of ownership documents are lodged immediately after settlement.
So if you’re buying or selling a business call us on 131 546 or contact us via the form below.