what to check before buying a business — full checklist
admin_nuli_ge ·
Due diligence — This is a thorough business inspection before you buy, protecting you from hidden debts, exaggerated numbers, and unpleasant surprises.
Financial
revenues and expenses for the last 1–3 years, with bank statements.
tax returns and lack of debt with the Revenue Service.
cash register / POS terminal data.
current debts, loans and unpaid invoices.
Ad space
legal issues
public Registry Statement: Who is the Owner and Director.
liens, pledges and litigation.
licenses and permits (especially in food, medical, and transportation).
trademark, domain name, and social media accounts — will they be delivered to you?
lease & Space
lease term, price, and extension terms.
is it possible to renegotiate the contract with you?
area technical condition and communications.
employees & Operations
who stays on the team and under what conditions.
contracts and prices with suppliers.
equipment inventory and condition.
how much the business depends on the owner in effect.
during transaction
all terms — written, notarized or with the participation of a lawyer.
step-by-step payment, such as a portion after redeeming.
transition Period: Owner helps you adapt in a few weeks.
the article is informative and does not constitute financial, tax or legal advice. Consult with a specialist before making an important decision.
NULI.GE — It all starts from scratch! Seeactive listings: Business, business ideas and investment offers for sale.
