Wise words when you acquire a business
Not all businesses for sale are viable, and not every viable business will be a good match for your organization. Your accountant can help you to better understand whether a business for sale is right for your appetite for risk. Our analysis and research can tell you how much work and resource you’d need to put in to make the purchase worthwhile. And we can help you decide whether it’s a good match for your levels of experience in the sector.
We can give you insights into the financial state of your target business by looking at its books and the state of its assets. We’ll help you work out what questions to ask the vendor, and then support you in analyzing the answers.
Financing an acquisition
We can also help you get financing for the purchase of a business. NX Accountants is familiar with the various sources of funding available for the purchase of a business. We can talk you through the advantages and disadvantages of each. We can also help you decide how to cover the down payment, the interest costs and the closing costs when buying a business.
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