thelonelywanderer1
New member
Hi.
I am quite new to this, but I just want someone to give me the basic information.
I have seen a business for sale on a website which is specifically for sellers to list their businesses on.
It is a Chip Shop, I know that I could easily run it, as I have experience in both management and catering. The asking price seems quite reasonable, and the yearly turn over is very good, but there clearly is room for improvement, such as extended opening hours.
I am a manger in a large company now, but obviously that is very different to owning and running your own business.
What do I do step by step to purchase the business, from first seeing it.
Who do I need to get involved, I would be requiring a business loan from the bank.
What sort of deposit is usually required for that, I do have a sum of money but I would want to now if it is enough.
What licenses would be required.
I am in the UK.
Hopefully someone who has done this before can provide the advice which I need.
Thanks.
I am quite new to this, but I just want someone to give me the basic information.
I have seen a business for sale on a website which is specifically for sellers to list their businesses on.
It is a Chip Shop, I know that I could easily run it, as I have experience in both management and catering. The asking price seems quite reasonable, and the yearly turn over is very good, but there clearly is room for improvement, such as extended opening hours.
I am a manger in a large company now, but obviously that is very different to owning and running your own business.
What do I do step by step to purchase the business, from first seeing it.
Who do I need to get involved, I would be requiring a business loan from the bank.
What sort of deposit is usually required for that, I do have a sum of money but I would want to now if it is enough.
What licenses would be required.
I am in the UK.
Hopefully someone who has done this before can provide the advice which I need.
Thanks.