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Help buying a business

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
SCgirl
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Help buying a business

Postby SCgirl » Mon, 04 Apr 2016 1:38 pm

Hello All,

I am interested in buying a business but my time is limited. I need help finding an accountant to help me with a "Due Diligence" before I make an offer. This is happening crazy fast and I need all the help I can get to find someone who offers these services but is from a trusted, well recognized firm. And is well versed in these transactions.

Thank you for any help you can offer.

livingontheedge
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Re: Help buying a business

Postby livingontheedge » Mon, 04 Apr 2016 2:43 pm

PM me the details. I may be able to help and/or direct you to a firm.

SCgirl
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Re: Help buying a business

Postby SCgirl » Mon, 04 Apr 2016 3:49 pm

I've sent you a quick PM

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sundaymorningstaple
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Re: Help buying a business

Postby sundaymorningstaple » Mon, 04 Apr 2016 3:58 pm

tic...toc...tic....

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PNGMK
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Re: Help buying a business

Postby PNGMK » Mon, 04 Apr 2016 8:12 pm

You need multiple opinions. Happy to help for free. Look for;

1. Price to be a multiple of the actual profit (the multiple can be as low as 1).
2. Any price above needs to be justified and not just "good will" - stock / cash in bank etc all count.
3. IF you're buying an entity you need a credit/debt check. Not sure how to do that.
4. IF seller makes noises that go along the line of "we make a lot more in cash but don't report it" run a mile.
I have gay, black, Asian friends and then JR8.


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