We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Applying for a loan to buy a share in a business, advice?

anxiouscharlie · 2020-06-29 10:33:47

We're looking at obtaining a loan to enable us to buy 50% shares in a small family run food business based in the South West. My sister-in-law would buy the remaining 50% and we would all run it together. I need to obtain the necessary financials (overheads/debt/profit forecast) in order to formulate a business plan, but I…

Options

Comments

MinuteNoodles Posts: 1,176 Forumite

26 August 2020 at 5:14PM

Clive_Woody said:
Is it just a business name and book of customers or are there physical business assets included that you could value more easily?

And to quote my wife when she was offered the sign company she was running when the owner retired and claimed it was worth much more than she thought.
"The customer list isn't worth anything as none of them have a contract with us so can go elsewhere".

0

★ ★ ★ Meet your Ambassadors

Applying for a loan to buy a share in a business, advice?

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free