We’ve been helping a client with documentation to buy a café this week.

A real estate agent who is acting for the seller put together a rather shonky sale agreement.

We have drafted a proper one using our own pro forma agreement.

Among other things, our client can pull out if he is not happy with the financials and other documents that the seller needs to provide.

We also helped maximise the amount paid for plant and equipment to an amount four times the amount shown on the seller’s depreciation schedule because a lot of recent purchases had been below the $20,000 threshold and had been fully depreciated in the year of purchase, but were still actually worth a lot of money.

For help with business sale agreements, contact Michael Paterson & Associates.

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