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Business Tasmania

Buying an existing business

If you aren’t considering taking an idea and commercialising it, you may be considering buying an existing business.

There are lots of elements you may wish to consider, and any purchase needs to have due diligence undertaken to ensure that what you see and is in the contract is what you are getting.

Aside from looking at the books, spending time with the sellers, having legal and business advice from a qualified, registered professional, you should also consider talking to current suppliers and customers, looking across the business’ suite of brand and marketing assets as well as ensuring there will be sufficient onboarding or handover.

Here is some additional information to help you get the best from your purchase.