Our buying process
JPAbusiness provides a range of services to support clients who are looking to purchase a business.
Below is an example of a typical Business Advisory Services agreement between JPAbusiness and a business purchase client, for the purposes of:
Project: Business Advisory Services: Business Assessment, Negotiation and Due Diligence
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Objectives:Assess, evaluate, negotiate and assist with the acquisition of a suitable business that meets the client’s acquisition target requirements.
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Services and Scope:The services that JPAbusiness Pty Ltd will undertake are as follows: |
A. Preliminary Business AssessmentPreliminary investigations and preparation of key business information on preferred business, including: - up-to-date and relevant financial and business information sets, adjusted for abnormal items;
- assessment of business maintainable earnings;
- assessment of other risks, opportunities and issues for consideration.
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B. Market AppraisalInitial business evaluation, culminating in a Market Appraisal determining a fair market value range and clarification of the vendor’s objectives and motivations on the preferred business. Report provided to client for review and consideration on potential offer. If a Market Appraisal is required on a residential premises it will be conducted under this item.
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C. Indicative Non-binding OfferPreliminary negotiations to documentation and submission of Indicative Non-binding Offer, subject to conditions, exclusivity and due diligence. |
D. Heads of AgreementDraft and execute simple Heads of Agreement, providing exclusivity to conduct due diligence in a defined timeframe in order to provide a binding offer and firm up purchase conditions. |
E. Due DiligenceUndertake commercial and financial due diligence, including coordination of legal due diligence (with nominated legal advisor). Summary report provided to client.
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F. Lease Assignment and NegotiationsAssistance with premises lease assignment and/or negotiations. Drafting and other related commercial advice on premises issues that may impact purchase.
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G. Sale DocumentationNegotiation and advice, including briefing legal advisor, with final Sale Purchase Agreement (contract) documentation.
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H. Business Transition and PerformanceTransition oversight and ongoing business performance health check, mentoring, monitoring and reporting services. |
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