About The Asking Price
Mon, 4 August 2008 AEST
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The question of whether the asking price is too high depends on what the business is worth to you?
That is not to suggest that you should pay the vendor a premium for what you intend to do. However, if the asking price is less than what the business is worth to you, the deal is worthwhile - you are ahead.
The key steps in this situation should include:
- consider asking for terms on the sale: would the vendor accept a higher price with some funding from them or time to pay?
- consider a delayed settlement of some components of the purchase (i.e. stock or fixtures)
For more questions and answers, visit Practice4Sale.com.au or Ask An Expert (http://experts.medici.com.au).
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