How long does it take to buy a business?
Generally you should allow longer than for a normal residential transaction and once a sale has been agreed it can usually take 8-12 weeks for the legal process to be dealt with.
Where do your buyers come from?
With our national advertising profile some 50% of our purchasers are from outside of Wales which can often help us to achieve higher prices.
How can I ensure that the sale will be treated confidentially?
Wales Commercial is well know for its confidential sales approach from initial inspection to discreet text advertising and with sales particulars only being sent to qualified applicants. If we receive an enquiry from within a 20 mile radius of your business we will call you to check if you wish the information to be sent.
How can I finance my purchase of a business?
There are very different lending criteria’s applied to the purchase of a business property to that of a normal residential property. Usually it is possible to secure a 70% loan on a freehold purchase or 50% on a leasehold transaction although there can be variations to these parameters. Being totally independent and unbiased, Wales Commercial has established contacts with many reliable financial contacts, including Banks and specialist Business Mortgage brokers, and we are therefore able to advise and guide you generally in the direction which we feel is more suitable to your own particular circumstances and requirements.
Why do you charge 3% for selling a freehold business?
Our overall fee covers our initial inspection, consultation and assessment of your business’s value, preparation of detailed illustrated sales particulars, circularisation to our extensive mailing register as well as a programme of comprehensive national and regional advertising to ensure that your business reaches the widest possible market.
Why should I instruct an independent Agent?
Unlike the general Residential Property market which tends to be very local, Business Transfer is very much a national (and international) marketplace so that the actual contact location of the Selling Agent is not as important. However what is essential is that your Agent has an intimate knowledge of your area and its businesses, gained over many years' experience. Our administrative Offices in Caerphilly places us conveniently at the hub of the Cardiff and south Wales with the motorway and road network allowing us quick and easy access to the areas we specialise in covering.
|
