Purchasing A Business In The United Kingdom

When you are on the lookout for purchasing a business in the United Kingdom, there are a lot of things that you should be keeping in mind in the buying process. You should keep in mind that an organised approach is something that will help you find the right way to acquire the right businesses. You should not be investing your hard on money into a business that is not doing so well. That is why, you should do your research, before you go ahead and purchase a business.

professional advice

  1. You need to make sure that you always get professional help and professional advice. Professional help is something that is really invaluable, as you go through all of the negotiation processes. Professional help is also really important when it comes to valuation and the entire purchase process. That is why, you need to choose a solicitor for your business, and then, you need to choose an accountant for your business. It is imperative that you do so.
  2. You need to make sure that you do your proper research. Make sure that the research is heavily centred into the sector that you are interested in. You need to research when it is the best time to purchase and, you need to shortlist two or three businesses that you may want to purchase. Make sure that you explore the market, before you go ahead and purchase anything.
  3. Keep in mind that you should have initial viewing and valuation process. You need to be discreet. The owner may not exactly want his staff to know that they are selling the company. But, you need to be thorough and, you need to record any of your findings. Make sure that you inspect the company properly, before you go ahead and sign the papers to purchase.
  4. Make sure that you have arranged finances. The details of the business and the sale is very important and, you need to be very particular about it. Make sure that you have inspected the accounts for the last three years. You should also be prepared to show your accounts for the last three years. Make sure you see all financial projections of the company that you are purchasing. Your financial projections should also be available. You need to make sure that all of your details of your personal assets and liabilities are available.
  5. Once you have decided which company you want to purchase, you need to go ahead and make a formal offer. There must be an official contract.
  6. Make sure you negotiate the deals. Before you go ahead and contemplate the sale or purchase of a company, you should negotiate the deal. You should see if you can lower the price of the same.

How ‘Uberizing’ the Small Business Economy Is Driving Growth

How ‘Uberizing’ the Small Business Economy Is Driving Growth
Image credit: Shutterstock
Today’s consumer is more or else demanding all services be “Uberized”. Meanwhile, today one in three American workers offers independent or freelance services — that’s a lot of service supply.

On-demand platforms have entered the fold claiming to provide the best of both worlds — Uber-like convenience for the client, with a high volume of jobs being sent to workers or small businesses.

The reality, however, is that these on-demand platforms are doing a great job at supplying needed work to the unskilled workforce (i.e., delivery, transportation, etc.), however for skilled small business owners (“SMBs”) — like in the home services sector — the jobs are low paying and the clients are “owned” by the platforms themselves.

These venture-backed platforms have revealed themselves simply as an injected middleman taking away direct client traffic to SMBs and slowly becoming their biggest competition.

Easy capital, fast growth.
Money can’t buy you happiness, but it can buy you extended periods of growth.

Some of the most well-known on-demand platforms in the home services space include names like Handy, Care.com, TaskRabbit and HomeJoy (now defunct). Combined, these four companies raised $370 million in venture capital funding to grow operations. The money was raised based on a thesis that consumers will shift their behavior to purchase all home services through these platforms as opposed to going directly to the service professionals themselves.

As a result, much of that capital was spent on consumer mindshare — getting the attention of those same consumers who would normally search and book professionals directly. If you Google “home cleaner,” or “babysitter” or “handyman” in a certain city, you’ll either see ads for one (or multiple) of the aforementioned on-demand platforms on the first page of Google; or you’ll find directories (like Yelp) listed high up in Google, taking you to a more curated and ratings-based search results page where those same on-demand companies are listed or have ads running.

This is fresh advertising capital that no traditional service professional or SMB can really access. Your average SMB struggles to take out a small bank loan to pay for supplies or manage working capital, little alone raised millions of venture funding and launch multi-million dollar advertising campaigns. As a result, more consumers are stumbling into the hands of these on-demand companies as opposed to the websites, Yelp profiles or Facebook pages of the actual small business.

Technology and the customer experience.
Marketing isn’t the only use of venture funds — the rest is invested in a major competitive differentiator: platform technology.

How Can You Determine The Market Value Of The Business: Selling Your Business In The UK

You must know the exact value of your business before you go ahead and sell it in the United Kingdom. You should be ready to process your finances and, you need to be ready for your next venture. There are so many ways you can determine the value of your business in the market. In this guide, that is exactly what I’m going to be talking about.

  1. Firstly, you need to tally up the value of all of the assets. You need to add the value of everything, and you need to know what exactly the business owns and what it does not on. It should include all equipment and inventory as well. Go ahead and make sure you subtract any of the debts and liabilities.
  2. Next, you need to keep in mind the value of the business balance sheet, and you should know a decent starting point so that you can determine the value of certain things. The business is probably worth a lot more than the assets. That is exactly something that you should always keep in mind. You need to know how much revenue and earnings you can be expecting.
  3. See if you can base it on the revenue. You need to know how much the business can generate when it comes to annual sales. Make sure that you calculate and also determine through the help of a stockbroker or even a business broker.
  4. A measure that is a little more relevant is probably the multiple of the earnings of the company. You need to know the projected earnings of the company as well. If the projected earnings are around $200,000 a year, the business could be worth more than $3 million.
  5. You also need to do a discounted cash flow analysis. The discounted cash flow analysis is something that is a very complex formula that will look at the annual cash flow of the business and also projects it into the future. It will then discount the value of the future cash flow to today, making use of net present value calculation. You can make use of the NPV calculator.

cash flow

  1. You should also keep in mind that you should be going beyond the financial formulas. You should never just base your assessment of the value of the business on number crunching. You need to consider the geographical location of your business. You need to see if it is far away from the centre of the city or if it is in a locale where people pay a lot for the geographical location. The geographical location will actually end up contributing quite a bit to the overall value of the business. You will find that places in central London are much more expensive when compare to other places.

Franchises For Sale in Sussex

Why buy a franchises for sale in Sussex?

If you are looking for a great way to make money in the UK, then you should seriously consider the franchise business. This is a great way to get into a money making business without having to figure out every detail. UK Franchises for sale are an exploding market. There are tons of franchises for sale at this very moment. Here are just a few reasons why purchasing a franchise is the right business move for you.

A guaranteed formula

So many businesses require a period of intensive learning and often some trial and error. There are so many variables to take into consideration. But, with franchise UK you can get on board with a proven formula. One of the best parts of buying a franchise knows that you do not have to spend a long time researching what works. You’ll have a packaged system to simply jump into. This opens you up to focus on other aspects of the business and stop worrying about all the little details.

In House financial assistance

If you are looking for some franchises for sale in Sussex, but you aren’t sure if you have enough funds on hand, then you are in luck. Many larger franchise companies offer lending assistance to those interested in purchasing a franchise. This can streamline the purchasing process and greatly simply your life as a business owner.

Built-in Support

One of the great parts of owning a franchise is the support system. Unlike being a one of a kind business, franchises are part of a larger system. Owners just like yourself face the same struggles you do. Whatever sort of questions you might have can be answered by a multitude of people just a call away. When you franchise UK, you don’t have to worry about being out there alone. Instead, you have a large system to help you navigate all of your struggles.

Virtually Your Own Boss

Another great part of franchises for sale in Sussex is that you can be your own boss. Now there will be some people in charge above you, but for your local branch, you are the master of it all. This allows you to get some of the best parts of being an owner without the risk and drama that is involved in so many other opportunities. Give yourself the power you deserve and get in on one of the greatest opportunities available in the UK.

When the economy is down, people like to go somewhere with a predictable experience. Franchises feed directly into that with excellent name recognition. While all the advertising is taken care of for you, you’ll reap all of the benefits. Plus, you will continue bringing in the customers even when the economy is struggling.

Other types of franchises for sale include;
Automotive franchises, Catering franchises, Children franchises, Cleaning franchises, Coffee shop franchises, Computer franchises, Courier franchises, Care franchises, Financial franchises, Franchise resales, Gardening franchises, Health franchises, Beauty franchises, Fitness franchises, Home based franchises, Home improvement franchises, Internet franchises, low cost franchises, Language franchises, Management franchises, Merchandising franchises, Pet related franchises, Plumbing franchises, Print & sign franchises, Property franchises, Recruitment franchises, Retail franchises, Services franchises, Sport franchises, White collar franchises, Van based franchises & Vending franchises