What's best to read to prepare for buying a small business in the UK?
February 6, 2012 1:23 PM Subscribe
What are the best resources for someone looking to buy a small business in the UK?
posted by K.P. to work & money (1 answer total)
I'm soon to be viewing a small shop (service industry, not retail) that is up for sale. It's the same type of place I have been working in and managing for 4-5 years, but in a different city. It's very similar to where I am now in terms of size, staff, location, income and operating costs.
What are the best resources in print and online for someone in this position? I've been reading a lot online and in one book saying pretty much the same thing. I've done this before, but that was a more informal one-person-operation. So I'm feeling fairly prepared, but I'm wondering if there's one really great website/book that I haven't come across.
I'm especially looking for advice on what to do in a situation where there are multiple potential buyers (apart from having a realistic budget, not getting swept away in a bidding war, be ready to put down money ASAP to get ahead of a similar or even larger bid).