hey there peeps,
i just like to ask some questions regarding purchasing a business. the wife wants to purchase a retail shop, in the purchase includes everything from stock equipment, display and fittings, the name, customers etc etc.
what i want to know is i want to find out the business monthly revenue. If any, financial reports, anything to prove the value of the business and what they "claim" to make per month. Are they obliged to show me such ? they said... they will only show me if we deposit....which i think is ridicules because what if the revenue is not what they had claimed?
i think the value of the business is too much... i mean that value could have came on top of their head. i would like to look at some papers to make my own value of the business and what i am willing to pay.
can someone tell me what i am allowed to see and what im not allowed to see...
thanks in advance, will keep updated, need to research and make decision in afew weeks.