10 things to check before buying a shop!!

Nowadays, many people want to have a business. Of course, starting all by yourself may be difficult and a good location. Often there is an owner or a store already established. Therefore, if anyone wants to get a good location, selling a business may be one of the options that meet the needs. Because in addition to getting the business, it also has the area and location there too.

What is a liquidation?

Liquidation It's no different from buying another business. or is to change the owner of the business itself by selling the business There will be a lease of the business location from the original owner to the ownership of the new owner who has sold the business as well.

Information to be checked before liquidation

Before we went to liquidate the business Continuing from other people or former business owners, there are many things that we should check because if we are to sell to a good business, it will be easy to continue doing business, and in addition, there are deceit or cheating. lots

Makes checking before liquidating a business is one of the very important matters. In addition, if we examine thoroughly in many points, we can still use the information to negotiate the price with the original owner.

1. Check the lease agreement completely.

Lease audits are one of the most important things. The leased business may not have a clear lease agreement and in addition, the contract may contain various provisions or restrictions that if we do not check the lease agreement clearly. May encounter problems as it may be. For example, a business without a lease signal. A contract that prohibits subletting or not allowed to change the name of the tenant

2. Check the cost of making various contracts.

Before entering into any contract, we may need to review the costs of contracting. Because these things may cause the budget to escalate even more and in addition Various problems may follow. whether it is a name change fee in the contract or other expenses Which, before making a contract, should talk and agree on the cost of how to leave before making a contract

3. Examine the equipment or things that are acquired from being bored.

Of course, before the sale, we should check to see what equipment or what we get from the sale. In addition, we have to check to see what condition those devices are. Which checks help us to know if what we get is worth the price or not.

For example, if we are going to sell a store and get a refrigerator that is over 20 years old, of course, the condition might not be good. We might be able to negotiate these things for a lower price.

4. Check the business that will be liquidated.

Examining the business to be sold is one of the most important steps because It will allow us to know about the business that we are about to sell, how many customers there are, and with this, how they operate or what kind of business they operate.

By the way, it's not difficult to examine the business. We just walk in to sit and look in the store or observe to see how the store does it. What kind of business And how many customers come in and out? We may examine the business It can take anywhere from a few hours to several days. Of course, before we sit and check in the store, we should ask permission from the business owner first.

5. Inquiring about the reason for selling the shop

Inquiring about the reason for the sale is one of the things that we have to inquire and check first because asking about the reason for the sale is something that can be done easily in a short time but is one of the important information.

With this, we will know the reason why the owner sells the business. The reasons may be from many reasons, but if it is a bad cause, for example, loss, business cycle, location has changed and is not as good as before, no employees, more expensive raw materials or others. It may be one of the options that will allow us to decide whether to liquidate or not liquidate a good business.

But of course, the business owner who wants to be in the business may not tell the reason or not to tell all the reasons, so this may be necessary to find more information.

6. Check the rental

Of course, after the sale of the store, we still have to pay the rent, making the rent is one of the important things that we have to check thoroughly. Because sometimes after selling a large number of stores, then we May have to pay a lot of rent as well.

7. Inquire about the method of doing business

Before we sell the business, it is considered a question of how to operate the business. A very good and important thing because sometimes speaking and explaining for a short time will not make us understand how to operate that business, but may need to be taught and practiced.

causing before liquidation of the business, it may beMust write a contract on helping teach how to operateandMay have to ask for old knowledge from the original business or various connections of the original business owner.

Many things may be simple things, but if you don't know, it can create many problems. And of course, nowadays, in addition to the way of doing business Information is considered very important.

For example, a group of customers who come to the store When a lot of customers come The source of purchase of raw materials or the amount of raw materials that must be stocked. These information, if the business has been open for a long time, would not be difficult to answer. But for those who have just sold, this information may be difficult to answer.

8. Inspect staff

Going to many businesses requires a large number of employees, causing many stores that are sold to have old employees. capable or skilled Of course, if we sell the shop from the original owner, we can choose whether to hire the old employees or not to hire the old employees.

For businesses that require a lot of people, it is a good idea to hire talented and skilled ex-employees, and in fact, there are many businesses that go bankrupt without staff to help them. cause sometimes Large to medium sized enterprises with existing employees are also important to consider.

9. Check the income of the business.

Of course, the income of the business is very important because if the business has a lot of revenue and is very profitable, they will usually survive and be able to continue.

Therefore, examining the income of the business that we are about to sell is one of the important variables. Because if we examine the income of the business that is about to sell, the result appears that there is a crushing loss. We might be able to turn back the Lam and not sell it.

10. Check the expenses of the business.

checking expenses Of course, this is another important thing because businesses that have a lot of expenses, even if they have a lot of income, may not be interesting for some people.

For example, a grilled pork restaurant in a good location with sales of 200,000 baht per month, but with expenses of over 150,000 baht per month. Of course, saying that this restaurant has a profit of 50,000 baht per month is considered good. which, if looking at the expenditures, found that most expenditures are Fixed Cost that cannot be changed That means If any month or period of profit is not good, various expenses cannot be reduced.

Advantages of a Lease Acquisition

1. Able to continue doing business immediately

able to resume business immediately If we sell the shop from the previous owner, we may be able to continue the business immediately from the original owner. which if we start our own business sometimes before starting or being able to do business, it may take some time

2. Acquire new customers from existing businesses

Acquire new customers from existing businesses Customers or regular customers, if it is a store that has been open for a long time, there is a high probability that there will be those things that make existing customers very important. If we use the business after the original business, then there is a high probability that we will get the old customers of the old business owners.

3. Obtain various information from the original owner.

Get information from the original owner. Information is considered one of the most important and valuable things. If we sell the business, we may ask for information or request information from the previous owner, whether it is an actual customer group. Store sales, store profits, or problems With these we may be able to predict the future in various matters.

For example, if the shop before the sale had a sales of 100,000 baht per month and a profit of 30,000 baht per month, then we may be able to predict that after we are sold, we may have a profit close to the original profit.

4. get the desired location

Disadvantages of a Lease Acquisition

1. May be deceived

May be deceived. Jobs are sold out or the sale of the business from other people is possible. It is possible to be deceived in various matters, whether it is a contract. Fake or false information For example, before the sale said that the profit was hundred thousand per month, but when he actually did it, the loss spread

2. The price is too expensive.

overpriced Of course, there are cheap leases and expensive leases in many businesses that have regular customers or good sales. If those stores sell out, they may be able to set high prices. Of course, in setting the price, sometimes many stores are very expensive. Therefore, opening a new store may be a better option.

3. Equipment or things that are old and not worth the price

old equipment In many stores that sell stores and businesses It often gets the equipment and shops of the original business owner, which are often plus with the price that is lenient, but of course, sometimes those devices are old and not suitable for further use.