SMALL BUSINESS ACQUISITION: A REAL ALTERNATIVE TO START UP OR CAREER/JOB CHANGE

Career or job change is usually achieved by seeking fresh employment. It can just as easily be achieved by starting a business from scratch or acquiring an existing business from someone seeking to dispose of one (for example, the sale of a business on the retirement of its owner). Business start - up has the disadvantage of a lengthy lead time (to gather a critical mass of customers and brand awareness) and statistics show that a majority of start - ups in the UK fail in their first three years. Acquisition of an existing small business as a going concern is relatively straight - forward if you know where to look and use experienced support to guide the way, help to obtain a good bargain and minimise risk.

Support
Working closely with business purchasers, Passmore Deals helps them:

• plan effectively for their purchase
• define the ideal target business profile
• source, independently approach and short - list potential target businesses
• price the deal
• conduct due diligence (an investigative process to flush out key points about the target business that might, for example, alter pricing)
• select tax, legal and other professional advisors

and acts as intermediary and negotiator throughout the acquisition process through to successful completion.