1. Once you have found your ideal business you will pay a deposit of 10% of the purchase price to secure the purchase. This deposit is then placed in a client account. WE DO NOT PASS THIS ONTO THE SELLER AT THIS POINT IN CASE OF ANY PROBLEMS WITH THE SALE AND IT NEEDS TO BE RETURNED TO YOU

2. We prepare a contract for you which generally lasts 30 days (although sometimes longer and sometimes shorter!). This means that you have 30 days in which to pay the balance of the purchase price.

3. During this period the seller can not increase the price, nor offer the business to anyone else.

4. During this period your appointed legal advisor will check all the details of the business, including the licence and any outstanding debts.

5. On the date of completion, all monies are paid to the seller, in front of your legal advisor. Normally you are present at this stage also although this is not compulsory. The keys for your new business will then be released to you and your new landlord will sign the lease

IMPORTANT

• If the seller of the business pulls out of the sale for any reason OR it transpires that that the business is not 100% correct, your deposit can be returned to you OR it can be retained and used against a deposit for another business

• If you withdraw from the sale for any reason other than the business is not correct or you are unable to provide the remaining funds you will forfeit your deposit

• If there are any debts on the business found by your legal advisor´s checks these will be paid by the seller