Businesses for sale in Sussex is sponsored by Franchise UK a leading franchises for sale website with lot’s of business idea‘s and useful information.
Businesses for sale in Sussex website is designed to give you a detailed list of businesses for sale in Sussex and also useful information on business information within the county. Should you be considering setting up your own business in Sussex or investing in businesses for sale in Sussex then our website will provide you with valuable contacts to get you started.
The county of Sussex
Sussex is a county based in South East of England. Sussex shares a border with Kent, Hampshire and Surrey. The county is spilt into East and West Sussex. Sussex has a long history within literature, many world famous writers and poets were either born and had links to Sussex including Rudyard Kipling, Percy Bysshe Shelley and Hilaire Belloc. Sussex has a sporting heritage, sports that are popular are cricket the lesser known sport of Stoolball, Horseracing, Show jumping, Cricket and Football. The popular dessert Banoffee Pie was created in the Sussex village of Jevington. Brighton, Eastbourne and Worthing are popular with visitors wanting to enjoy a traditional seaside resort. The population is around 1,609,500. Brighton which was formerly a town is now a city. Often referred to my locals as ” London on the sea” Brighton has a wealth of shops, businesses and a large shopping mall and the impressive Royal Pavilion was once the seaside home of George IV. There are many nice towns and quaint rural villages to explore. Towns in East and West Sussex include Arundel, Bognor Regis, Brighton, Burgess Hill, Eastbourne, Horsham, Crawley, Selsey, Steyning, East Grinstead, Midhurst, Petworth, Haywards Heath, Worthing, Uckfield, Lewes, Hastings, & Chichester.
Economy & demographics of Businesses in Sussex
Sussex is the location of a number of notable UK and international companies who have either headquarters or major bases in the county. The Body Shop based in Littlehampton, Virgin Atlantic in Crawley, Harveys Brewery, sited beside the Cuckmere River in Lewes and Dualit, makers of high quality kitchen appliances in Crawley.
Buying a business in Sussex – Businesses For Sale in Sussex tips
Locating the right businesses for sale in Sussex
There are many websites, business transfer agents and printed media, advertising businesses for sale in Sussex. 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 Sussex 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 Sussex will contact useful contacts to help you find these professionals.
You have found businesses for sale in Sussex 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 Sussex 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 Sussex.
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 Sussex 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 Sussex 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.