Specialist advice is a must

Posted on January 1st, by editor in Caring Times. No Comments

|Jerry Webb reveals the value of good advice| In the process of obtaining finance for business acquisition, it should be remembered that each deal will be individually assessed and will vary from purchaser to purchaser. For this reason, the knowledge of a broker who specialises becomes imperative if time and money is not to be wasted. It is advisable for purchasers to speak to a finance expert as early as possible in the buying process, in order to gain advice on the market and to be fully prepared for the process. Naturally, an essential part at this stage is for the adviser to provide an approximate guide as to the level of funding a client may require, helping to set realistic price limits when searching. Once a business has been identified as suitable by a client, the adviser will then request information about the care home, management accounts, up-to-date trading figures, sales particulars and, where possible, inspection reports. This makes it possible to consider a funding request through the eyes of a

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