- Free initial consultation
- Friendly Service
- Specialist team
- Very experienced
- Good careful communication
- regular progress reports
- Highly competitive charges
- Excellent negotiation skills
- Out of hours contact
- Help to:
- improve prospects of sale
- appoint the correct transfer agent useful links
- obtain business finance
- formulate purchase offer
Friendly Service
Despite what you might have heard or even experienced yourself, solicitors in most cases are only human beings and in order to work well for you, need to enjoy what they do. Whilst the legal process can be fraught with difficulties, particularly where there has been no advance preparation, we will work very hard to secure your objectives in a friendly and cheerful manner.
Specialist
As specialists we are able to tailor our services to your needs. In practice this means that, if you require, we are able to "work around the clock" to ensure that the deal that you have worked so hard to line up, is contracted on time and on the best legal terms achievable in the circumstances.
Experienced
Over the years we have acted in the sale of most types of business from small leasehold lock-up shops to substantial nursing / residential homes and multi-million pound factory based business. We have acted not only in the sale and purchase of exhibitions, pubs, clubs, restaurants, shops but also in respect of wholesale, distribution, service industry and industrial businesses as well as goodwill only going concerns of all types and sizes.
As specialists providing a service that is primarily telephone or email orientated we act for clients all over the Country. It is much more beneficial for you to instruct an experienced specialist rather than a solicitor just because he is local to you.
Good Communications
We cannot afford to make mistakes in communication both with you and third parties on your behalf. We set out our stall, primarily, on our abilities to ensure that throughout your transaction we will communicate verbally and in writing with all concerned on a regular basis and in a careful manner. This extends to negotiations on your behalf.
It is often surprising what can be achieved by such an approach. Conversely, a few ill chosen words alone can kill a transaction stone dead. You need to be confident that whoever you instruct is fully committed to your objective.
Negotiation skills
Unlike a house contract, with may run to 2 or 3 pages, a business acquisition agreement will be anything from 10 to 60 pages. There is no such thing as a standard contract which would be automatically accepted by both parties. However, because we know our field we can usually cut to the bottom line quickly for you. Therefore, we aim to spend as little time (and your money) as possible in obtaining the best contract for you in the circumstances presented.
How we approach the contract depends upon whether we act for the Seller or the Buyer. When acting for a Buyer we may be required to negotiate the incorporation of warranties into the contract to give a measure of protection for critical aspects of the business that the Buyer is looking to acquire.
A Seller, however, may wish to merely contract to sell the assets without offering any further protection for the Buyer. In practice, this means that the Seller often wants a "thin" contract and the Buyer a "Fat" contract. If a deal is to be finalised legally the contract needs to be negotiated to an acceptable "size". We offer our knowledge and experience to get you to the appropriate "size" as quickly as possible.
Proactive Case Management
Since we are dedicated to a specialist area of legal work, we have a stock of modern legal documents, forms and questionnaires available for adaptation at the press of a button. This saves huge amounts of time and cost on drafting and is always being updated.
In consequence, we can spend more time on your transaction than other may be able to for the same cost. This enables us to liaise closely with you on the detail and tactics necessary to make sure your obtain the best contract terms within the most appropriate timescale.
Preparing for Market
Our experiences of business sales means that we know what buyers are looking for when they view a business. Therefore, if you are selling your business, we can help you prepare for market in the right way.
We can provide you with FREE information to maximise your prospects of a quick sale. We can also help you to appoint the agent who is best suited to sell your type of business; this step alone can prove costly if taken in the wrong direction.
However, we can best assist you if you contact us well in advance of a sale.
Help to Obtain Business Finance
Just as we specialise in business transfer legal work so there are commercial mortgage brokers who specialise in business finance. Whether you are a Buyer looking for a loan or a Seller looking to establish funding availability for a potential Buyer, do not waster your time and money chasing "rainbows". We can help you to establish the answers to your questions fully and quickly. If the deal cannot be done, we will establish that for you from the people best placed to know.
Help to Formulate a Purchase Offer
An offer may, out of necessity, involve a number of terms over and above simply the purchase price. This is particularly common with leasehold businesses. When considering leases you need to appreciate the implication of their terms. Very often the repair obligations are critical to a deal.
Again we can provide you with initial information FREE to help you to establish your best course of action. If required, we can also quickly and cheaply summarise for you your proposed principal offer terms.
Highly Competitive Charges
Our stock in trade is our time. Our charge rates are calculated annually by reference to the cost of total overheads.
The firm is well managed and the budget is run tightly. In consequence our overheads are low and, therefore, our charge rates are very competitive when comparing like for like in the South West. When making comparisons further afield our rates are significantly lower than, eg. the South East. For this reason we attract a large proportion of our work from out of our area.
We will only act for you after providing you with formal written terms of business.
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