Numbers:
Business turnover £1.1m
Profit £100k
Property is on the balance sheet as £700k
Business is for sale including the property for £700k
Business has been for sale for 4 years and was valued at the end of covid when takings were decimated. It has since recovered to match previous highs and has room to grow further. I expect that if it was valued today then it would be substantially higher….Although….a business is only worth what someone will pay for it.
Owner has other interests and is desperate to retire…..there is a management team in place and she has no day to day involvement.
I know how to deal with Ltd companies….I have been working out of them for years but I have never been a Sole Trader. How do I even go about buying a Sole Trading business
Any thoughts appreciated.
