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Buying and Selling A Small Business

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Buying And Selling Small Businesses

Deciding To Sell Your Business Is A Huge Decision – So Is Buying One; Let Us Help With Practical And Commercial Advice

When buying or selling a business there is so much more than bricks and mortar to consider. Once the business has changed hands, it needs to retain the true value: its reputation, history and complete capabilities as it changes hands.

Carefully managing these aspects, as well as the staff and business relationships, will take a lot of time and effort on your part before you’ve even considered the legal challenges in this process.

Getting A Realistic Picture

Once a purchase offer is made on a business the process of due diligence begins. This is where you are given access to its books and records. This will provide you with a realistic picture of how the business is performing and expectations for future performance.

This process will also draw your attention to any other issues, but traditionally there are three areas we will advise you on:

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Commercial – where the business is in the marketplace and how it compares with its competitors
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Financial – are all the accounts in order? Are their some irregularities? We work to resolve these issues
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Legal – does the business hold ownership of all assets? Have regulatory and litigation issues been addressed fully? Again we will work to resolve these issues prior to any sale completing.

Undertaking careful and considered due diligence is imperative for a successful and smooth transaction. This will also protect your assets and interests should any part of the sale not be completely satisfactory.

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Kerry Houston - Kypta

For Kerry Houston-Kypta, Partner:

“Having completed a numerous and often complex purchase's, we have been working very closely with the Coles Miller team for many years! We enjoy a responsive and personal service that helps make deals happen."

Lee Vine - Shore Investments

Charlotte Lilley

For Charlotte Lilley, Solicitor: 

“Coles Miller were a real help during our move. They weren't just efficient and helpful, they were proactive. Charlotte Lilley helped us to buy with confidence by identifying several important issues in the early stages. I'd like to extend my thanks to Charlotte for keeping the transaction moving, in what were very difficult times for everybody. I would recommend Charlotte without reservation."
 
"We were very happy and satisfied with the service we received from Charlotte and her team. Charlotte and her team were patient and displayed full of professionalism. I will certainly recommend them to others."
 

Meet the team
Kerry Houston-Kypta Headshot

Kerry Houston-Kypta

Partner and Head of Commercial Property

Kelsey Cadden Headshot

Kelsey Cadden

Legal Secretary