Getting What You Pay For When Buying a Restaurant-Part Two
Last week, we answered a couple questions about what happens to food and liquor inventory during the sale of a restaurant. Our clients have also inquired as to whether the licenses from the health inspectors or alcoholic beverages division can be transferred to the new owner of the restaurant. FOOD/HEALTH... (Continue reading...)
Getting What You Pay For When Buying a Restaurant-Part One
Many times we have clients who come in for assistance in purchasing an existing restaurant. Typically the scenario is that Bill Buyer (B) is planning to buy a restaurant from Owen Owner (O). B wonders if he can buy any of the liquor or food inventory that O has in stock. He also wonders if any of... (Continue reading...)
Giving Away Information
Businesses really have only two choices: they can grow (through formation or purchases) or go away (mostly by sale). Those are the two things I spoke about during a recent Lunch and Learn presented for the West Des Moines Chamber of Commerce. If you would like to access the PowerPoint I used, click... (Continue reading...)
Buying and Selling a Business- A Lunch & Learn Event
Buying and/or selling a business requires many considerations. For example, you may find yourself wondering: How to identify the right opportunity as a buyer or a seller; What pitfalls might lurk in the existing economy; How will the pricing and the structuring of the transaction work; What’s the... (Continue reading...)
Buying a Business, Essential Qualities: Commitment
This blog is part of a series of blogs on buying a business. We are first exploring the qualities you need when deciding to whether or not you are should buy a business. I encourage you to go back and read the previous blogs. This week we are discussing access to commitment. Commitment. The one... (Continue reading...)
Buying a Business: Essential Qualities, Expansion of Products and Services
In the 30 +/- years of since I began practicing law, I have worked on hundreds of sales and purchases of businesses. This is the second chapter in a series of blogs wherein I will share my observations and experiences. I encourage you to go back and read this blog series from the beginning. The second... (Continue reading...)
Buying a Business: Essential Qualities
In the 30 +/- years of since I began practicing law, I have worked on hundreds of sales and purchases of businesses. This is the first in a series of blogs wherein I will share my observations and experiences. There are several “qualities” which are common to Buyers in successful sales/purchases... (Continue reading...)
