RETAIL BUSINESS DUE DILIGENCE
We pride ourselves on providing comprehensive legal support tailored to meet the specific needs of our clients. Recently, we had the privilege of assisting a client in acquiring a retail business, navigating the complexities of the transaction from start to finish. Here’s how we made it happen.
Due Diligence: Uncovering Key Insights
Our journey began with an in-depth due diligence process. We reviewed all aspects of the business, including financial records, operational documents, and compliance with legal and regulatory requirements. This critical step ensured that the client had a clear understanding of the business’s health and potential risks.
Throughout the process, we provided clear, pragmatic legal advice to help the client make informed decisions. We explained each step of the transaction, outlining the legal obligations and implications, ensuring the client felt confident and well-informed at every stage. Recognising the importance of a holistic approach, we introduced the client to trusted professionals, including an experienced accountant. This ensured a thorough evaluation of the business’s financial position, helping to shape a sound investment decision.
Key Terms
Negotiation played a pivotal role in securing favourable terms for our client. We negotiated not only the purchase price but also critical elements of the Sale and Purchase Agreement, such as the valuation of business assets, warranties, and any conditions precedent. This ensured that our client achieved value for their investment and adequate protection in the transaction.
We reviewed employment contracts to ensure compliance with employment laws and minimise risks associated with inheriting staff. Additionally, we examined the lease agreement to confirm its terms aligned with the client’s business goals, addressing any potential pitfalls before they became issues.
Results
We understand that purchasing a business is a significant milestone. Our ability to provide end-to-end assistance, from legal advice and negotiations to connecting clients with essential experts, makes us the ideal partner for business acquisitions. If you’re considering purchasing or selling a business, we’re here to help you navigate the journey with confidence.
