About Businesses for Sale in Norfolk
Businesses for sale in Norfolk is sponsored by Franchise UK ( https://www.franchise-uk.co.uk ), a leading franchises for sale website with lot’s of business idea’s and useful information.
Businesses for sale in Norfolk website is designed to give you a detailed list of businesses for sale in Norfolk and also useful information on business information within the county. Should you be considering setting up your own business in Norfolk then our website will provide you with valuable contacts to get you started.
The county of Norfolk
Norfolk borders the counties of Lincolnshire, Cambridgeshire and Suffolk. Norfolk has population of around 860,000. Norfolk is a rural county it benefits from flat, fertile land many crops are grown which include sugar beet, wheat, barley, oil seed rape and saffron. It is a versatile county as it has a rugged coastline and Norfolk Broads for boating holidays, Thetford Forest, as you can imagine Norfolk is a popular county for tourism. There are many caravan and leisure resorts. Norwich is a business hub. Larger towns and cities include Attleborough, Caister-on-Sea, Cromer, Diss, Gorleston, Great Yarmouth, Hunstanton, Norwich, Kings Lynn and Swaffham.
Businesses, Economy & demographics of Norfolk
Norfolk is the location of a number of notable UK and international companies who have either headquarters or major bases in the county. Aviva Norwich, Colmans, Bernard Matthews Farms.
Buying a business in Norfolk – Businesses For Sale in Norfolk tips
Locating the right businesses for sale in Norfolk
There are many websites, business transfer agents and printed media, advertising businesses for sale in Norfolk. Some specialise only in specific industry sectors. Many websites offer good advice for the potential buyer, all the information you need is out there and designed to help you complete the buying process with the minimum of fuss. Now is a great time to think about locating Norfolk based business professionals that can help you, these include, a lawyer to check through heads of agreement and give you advice throughout the transfer and an Accountant to check out the businesses figures. Businesses For Sale in Norfolk will contact useful contacts to help you find these professionals.
You have found businesses for sale in Norfolk that seem ideal, how do you know the business is correctly valued? As a rule of thumb, some businesses are valued at 2-5 times net profit, however this can vary greatly. As with anything that is for sale it is worth what the buyer is prepared to pay and will find its own value in the market.
Most businesses for sale in Norfolk are negotiable particularly if they are motivated to sell for a reason such at retirement, bereavement or moving away etc. Always find out why the vendors are seeking to sell businesses for sale in Norfolk.
You need to check the net profit, any liabilities or assets the business may have. If you detect a drop in profit ask why, there may be a genuine reason for this. Think about the area and the type of business, would you use it? Is it a good fit for the location. Will it require you to buy stock, how will this be valued and are there existing staff that you would be expected to employ? This process of evaluating businesses for sale in Norfolk is called due diligence and is your chance to check everything out prior to completing the purchase.
You would be advised to employ an experienced Norfolk based business accountant to check the figures, being experienced handling businesses for sale they may find something that escapes your notice. Obviously, business lawyers and accountants cost a fair amount however, when you think of their fees compared to the purchase cost of the business for sale it is negligible and could save you a real headache in the future! If after evaluation of the business for sale the deal does not stack up be prepared to walk away.
We hope you enjoy browsing through the Businesses for Sale in Norfolk in your search for Norfolk based businesses for sale.