The first step before buying or selling a business is to call us! - News

Landlords - emphasis on LORD

Posted on Jul 28, 2021

In my experience most people think that the most important part of a deal is negotiating what they are buying/selling.

They quickly learn that this is the easiest and quickest part of the transaction.

It is not the Buyer's decision or the Seller's decision if this deal will actually proceed to completion.

It is the Landlord's.

He or she is the one that...

Why can't I get the Permits etc. before removing Subjects??

Posted on May 14, 2021

This one seems to come up more frequently than I expect it too.

Let's say we use a Liquor License as an example.

You, as the Buyer, are set to remove your Conditions Precedent (subjects) on the 15th of June, and have the deal complete on the 30th June.

You want to add "Subject to the Transfer of the Seller's Liquor License" on or before June 15th.

This...

COVID deals?

Posted on May 13, 2021

I can't tell you how many emails and calls I get every week from people who think that the bottom has fallen out of the market and they should be getting businesses for free or next to free.

This. Is. Not. Happening.

The business owners who somehow were able to scrap by, pivot or use up their savings to make it through this last year are not typicall...

I want to buy a business - where do I begin?

Posted on Mar 03, 2021

Congratulations! Deciding to take the step is often the hardest part.

So what do you do first?

Well my friend, that's a long list.

Have you Incorporated? Set up a Corporate Bank Account?

Have you spoken to a Lawyer or your Accountant yet?

Have you drafted an initial Business Plan or Design Look Book?

You should definitely get that stuff sorted and out of...

Liquor Licence Types - What's the Difference?

Posted on Feb 24, 2021

This is another common topic of discussion.

Can I sell beer? What about spirits?

Typically the answer is yes of course.

But those aren't really the important things to be aware of. Most important is the hours. 9AM-12AM is "standard", meaning if you don't request different hours in your initial, or subsequent, communication with the Liquor and Cannabis...

Permits & Licences

Posted on Feb 24, 2021

I can't tell you how often a Buyer, or their Agent, writes an offer with a Condition (Subject) like "Subject to the Buyer having all Permits and Licences transferred to them on or before Subject Removal Date".

That is so crazy.

On a Restaurant deal, do you really think the Seller should Transfer their Business Licence, Health Permit and Liquor Licenc...