what we do
The sale and purchase of a business generally involves the assignment of goodwill and other assets including the fixtures and fittings of the premises where the business is run and often the sale of the business premises or the assignment of a lease of the premises.
It is important to the vendor that so far as possible any liability ceases on the completion date. Conversely, the purchaser needs to ensure that he does not take on the liabilities that properly remain with the vendor, such as liability for VAT or in respect of litigation relating to the business prior to the completion date.
Often, the parties need to make arrangements for stock-taking and careful inspection of the business records should take place and full disclosure of such information should be sought.
We have wide experience in the sale or purchase of numerous businesses on the island including post offices, pharmacies, newsagents and other retail outlets, restaurants and public houses. Our aim is to give complete peace of mind that nothing has been overlooked.