Latest Buying a business Questions & Answers
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Dismissing staff
I am buying a business, which has five members of staff. I want to run it as a family business, so won’t need all of the present workers. Can I dismiss them or reduce their hours without any legal issues?
Letting staff go
What are the legal considerations in buying a business and making a member of staff redundant who has been there for 14 years?
Buying a going concern: employees contracts
I'm buying a shop which employs two staff, one of whom I will no longer need as I'll be working there myself. Is it reasonable to ask the vendor to tell the employee, arrange a leaving date etc, or must everyone stay in their jobs until after the handover?
How to value the goodwill
When looking to buy an existing business how do you value the goodwill if the assets are transferred at market value?
Buying a business - releasing current staff
I am purchasing a business and do not need to employ all of the current staff. If I need to release some of them in order to make the business viable, am I able to do so?
What to ask when buying a business
I haven’t run a business for a number of years and am thinking of buying into a café that is already well established. What questions should I be asking and who should I ask?
Investing in a business
I have been working as a manager of a menswear shop for four years and have an opportunity to invest in the business. Is there any advice that you could offer? What should I be looking out for?
Why franchising?
I’ve always wanted to work for myself and now I have managed to secure the financial backing to either start my own business (I have a few original ideas) or join a franchise network. Why should I choose to invest in a franchise rather than reap all the profits of my own business?
Small business loans
I am planning to buy an existing business but have nothing as security. What is the criteria for a Small Firms Loan Guarantee (SFLG)? And can non UK residents apply for business loans?
Open a post office
My husband and I want to buy a small post office. Can you help us to find out where this type of business is advertised and what sort of training is available?
Buying an existing small business
I am interested in buying an existing small business in the UK. I am not a British citizen, can you give me advice on what I need to find out/do to proceed?
Buying a business
Where’s the best place to find a business for sale?
The selling price
How do I work out the price of my business?
Selling a business
What should I do before selling my business?
How do I value my business?
I am thinking about selling my business. How do I value it?
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