Accountancy Services - services

By: John Hewitt Accounting  05-Apr-2012

Provided the overall price is reasonable, it is often better, and sometimes cheaper in the long run to purchase an existing business. You may pay for goodwill built up by the previous owner, but this cost ensures that you are generating a cash flow from day one.

If you intend purchasing an existing business, it is important to carry out a full evaluation before entering into an agreement for sale and purchase.