This enables an entrepreneur to focus on developing the business, instead of using money and time to develop products and services and develop customer relationships. It is common that the process of changing ownership takes from three to five years including different phases. This means that the seller has made the decision to sell a long time before the sales process begins. Usually the company for sale has been organized to offer an attractive business solution to the buyer. The idea is to sell a functioning business but not necessarily to purchase i.e. commercial property.
1. Is there a future for the business?
2. Is the whole business opportunity right for the needs of the buyer or is there something that is not worth buying?
Often there are actions or assets which are not a part of the actual business and are economically profitless
3. Is the selling price reasonable?
4. Evaluation of inventory and machines.
5. Product liability and risks
It is important to check all property and financial accounts before purchase with the help of experts.
Business contracts should be drawn up with the help of professionals.
Franchising can be a better alternative compared to a starting an own business. Franchising is typically divided into two main forms, the product delivery and brand franchising, and also the business model franchising. Because it is about doing business with the help of another party who has developed the business idea, the compensation is charged by the franchising giver. Compensations are usually an admission fee (e.g. 20 000 €), co-operation fee (e.g. 7 % of sales) and a marketing fee (e.g. 5% of sales).
Take a look www.franchising.fi or www.ketju.fi and find out more about companies offering franchising and compensations collected.
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