Buying a pre-existing business (the do's and donts) Need advice?

[kingsleychef]

Hi All,

My partner and myself have along background of working in the hotel & restaurant business.

We are looking at buying a pre-existing restaurant & accommodation business in Thailand.

The business in question has left us with a lot of questions, and we are looking for solutions to help us move forward and facilitate an easy buy.

We are looking for advice on what to check with the current owner and what needs be made sure that it is really what the owner says it is.

Legal representation? Companies that help check the current credentials of the business etc?

Any advice or suggestions would be much appreciated.

Thanks in advance...

[Sunbelt Asia]

Sunbelt Asia Legal Advisors will always recommend to any potential buyers that they perform due diligence on the business they are considering buying. Sunbelt Asia, as part of the Worlds largest business network, has extensive knowledge on what to look for and has performed this service many times for potential buyers.

Our rates start at 5,000 baht per million baht of the asking price. The minimum charge is 25,000 and the maximum is 200,000 baht.

For that we have a large checklist of questions we ask the owners and we do a comparison with other hotels in the same area and same price range for a good indication of fair value.

[sunbeltlegal][/sunbeltlegal]