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By Greg Gardner-Boyes, partner, KBL
When buying a business, the key to a successful transaction is effective preparation, planning and due diligence.
Buying an existing business can have a number of benefits such as it having a proven track record (likely improving the prospects of obtaining finance), established customers, a reliable income stream and a reputation to build upon.
Professional help is invaluable as you go through the negotiation, valuation and purchase process.
Having identified the “target business” address how to make your initial approach. Will it be direct and owner to owner (or management to management) or will it be via professional advisors?
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