UK Business Law Solicitors
If you’re buying or selling a business anywhere in the North-West of England and you require sound, professional legal guidance from well informed solicitors, then Integra Solicitors are the firm for you.
Here at Integra Solicitors we only deal with buying, selling and all associated commercial property projects.
We can assist you with every aspect of your business deals. Whether it is negotiating a fair price for your business, drafting an airtight sale and purchase agreement or discussing terms of commercial leases and shareholder agreements.
Katie Sammonds Finance Director, Care 4 Children
“We as a company have instructed Integra for a number of years now for pretty much all of our commercial law needs. They have advised us on, amongst other things, our £5.5m share acquisition of another children’s care business, multiple commercial property acquisitions and leases, our group restructuring and our shareholders’ agreement. The level of service has never dropped and we would highly recommend Moyen and the team.”
Umar Vanden Owner of Whiskey Jar, El Capo, Bandito Burrito, Behind Closed Doors
“My bar/restaurant business has expanded significantly over the last couple of years and Integra have acted for me on several leases and business sale and purchases. They are highly responsive and really know their stuff. The Integra team were unfazed by acting opposite large firms and were tough in negotiating key points for me. They are my first port of call for anything legal and I would thoroughly recommend their services.”
Get a free quick and easy fixed fee quote by contacting Integra now on 0161 791 0294
or request a call back by providing your details below and we will call you back when it is more convenient for you.
Trusted Solicitors For Business Buyers And Business Sellers
If you want the confidence that your business is being reliably looked after, then you need Integra Solicitors. With over 30 years of experience, we have successfully dealt with most situations when buying and selling commercial properties.
Our team of experts work with business’ of all sizes from start-ups to those who have a multi-million-pound turnover. We work across a broad spectrum of business sectors including, but not exclusive to, retail, hospitality, industrial and care homes.
You can rest assure that you are in safe hands with our knowledgable team, who are always available to handle any tricky situations that may arise.
Fixed Price Business Solicitors
We want to make the legal costs as straight forward as possible for you, which is why we operate on a fixed price fee for our services. All fees will be quoted upfront to avoid confusion.
Your business is in safe hands
Whether it is a bar in Bolton, an office in Oldham or a Hotel in Heysham, we are here to help. Our experienced solicitors have assisted in the sale of an extensive range of business types across the North-West area of England.
This non-exhaustive list includes:
- Bars, Pubs, Restaurants and Cafes
- Retail properties
- Hotels, motels and B&Bs
- Care homes
- Industrial premises
Request a Free Phone Consultation with an Experienced Solicitor
You can request a call back below, provide your details and we will call you back when it is more convenient for you.
How does the Buying/Selling property process work for me?
It is a monumental decision to buy or sell a business, and we understand how much this can affect your life.
During this stressful time, our dedicated team of solicitors are here to make the process as easy as possible. We always ensure that we provide accurate documentation, communicate effectively with all parties and are on hand to provide expert advice when needed.
Integra solicitors manage all of the legal aspects that are involved in buying and selling. These include:
- all contract negotiations
- due diligence
- providing advice with regards to warranties and indemnities
- advising on and preparing secure loan documentation
- the transference of business assets, stocks and shares
There are several considerations before any legal work begins. We will look at those now.
Advice for buying a business
Before buying a business you will need to consider if it is the type of business you want.
Are you looking to buy a start-up or new business to build from the ground up? Or would you prefer an established business that already has a good client base and track record?
There are more factors to take into consideration such as the market projections, is there scope for your business to grow and be earning for years to come? Or are you trying to enter an already saturated or weak market?
What about the monetary value of the business you are trying to purchase, are you getting a good deal? The business may be valued differently by the seller to the way you would value it for example, so you need to understand why and how they decided on the figure they have.
There is also the reason as to why the owner is selling the business. If it is performing poorly, you may want to look at the reasons for this before committing to buy. It could be down to location, market trends or just poor management. Whatever the reasons, they could work in your favour to help you potentially buy at a reduced price.
It is also important to fully understand the industry you are entering into. This will include the industry standards and its controlling regulations as these can make a business challenging to run.
You also need to factor in the obligations to the existing staff as you may be inheriting unwanted issues or be facing resistance to the changeover. You are responsible for and must understand the employment law and HR practices.
Finally, a business plan is essential. You need to have a clear and structured plan on how you intend to increase the business turnover and have realistic and achievable goals in place.
Advice for selling a business
It can take between 12 and 18 months to complete the process of selling your business and the size of your business will factor into how easy this process is. You will need to consider all your related responsibilities and obligations. These include business tax, capital gains, existing and new partnerships, the transference of stocks and shares and your staff.
It is a good idea to prepare your business to ensure it is an attractive prospect for sale. You should have all paperwork, accounts, customer details and the relevant properties in order before sale.
Know the value of your business by obtaining a fair and accurate valuation. You should be aware of how this valuation was reached so that you are in a strong position for negotiations.
Part of the process will be to understand how due diligence affects the sale. There are confidentiality issues that are worth considering so that competitors and staff are not alerted too early on in the process, which will give you time to get your business in order.
Finally, ensure that the deal is financially structured in your favour. This money is what you will have to move on to the next stage and it needs to be ample to set you up in your future venture, even if that is retirement.
Talk to one of our solicitors today to discuss the prospect of buying or selling your business.
Integra Solicitors is the trading name of Integra Solicitors Limited, a private limited company incorporated in England & Wales and authorised and regulated by the Solicitors
Regulation Authority with its registered office at Affinity House, 1 Station View, Stockport, SK7 5ER, United Kingdom.
Company number: 08934592. VAT number: GB 215 1007 67. SRA number: 624193. A list of the directors of Integra Solicitors is open to inspection at the registered office.
For more information about Integra Solicitors