by GenesisAdmin | May 7, 2019 | General
The Seller must provide a full list of all the Business Assets included in the sale, fixtures and fitting, equipment, vehicles etc. with a value. But what value does one use? Is it the depreciated book value, the present replacement value, or an estimated forced sale...
by GenesisAdmin | Apr 30, 2019 | General
In most transactions, the Buyer and the Seller see staff as part of the business without giving much thought to their importance. Staff are not bought and sold at the purchase price. They must agree to accept the new owner. If their working conditions are going to...
by GenesisAdmin | Apr 1, 2019 | General
Stock is the lifeblood of a business, but it can cause all sorts of problems when a company changes hands, mainly to the detriment of the buyer. Obviously, some types of businesses, such as garden services, do not have any stock and therefore don’t have these...
by GenesisAdmin | Feb 18, 2019 | General
In small to medium-sized businesses when we talk about net profit, what we really mean is that the net profit Plus the total of all the perks the owner derives from the business. Unfortunately, many of these perks are not legitimate business expenses and are therefore...
by GenesisAdmin | Feb 8, 2019 | General
So often in the process of buying and selling a business, either the buyer or the seller gets confused with the aspects of mark-up and gross profit, sometimes with disastrous effects. The importance of understanding the difference can be seen in this simple example:...
