Are you considering a new Venture?
Your most important decisions will be made before you sign the deal – make sure you have all the facts in advance prepared by independent specialists – acting for you.
Our many years experience, in particular in the Licensed Trade, will help you through the initial stages. How much help you need will depend on your own experience but you may need any or all of the following:
- Financial Reports
- You may need a full Business Plan or Profit and Loss and Cash Flow projections. You may have accounts from the Vendor or barrelage figures from the Brewery – we can help interpret these and turn them into meaningful figures to help you assess the viability of the project. Our aim is to help you assess whether the business will be financially viable and suit your circumstances.
- We can advise on issues such as Finance and Lending, Insurance and some aspects of your contractual obligations etc. We have a checklist of items to agree leading up to the completion day and on the day itself.
- Structure of the Business
- You may need to consider whether to operate as a sole-trader, Partnership or Limited Company and to agree the most appropriate year-end. You will probably need to register for VAT, tax, National Insurance and to set up a payroll scheme.
We can arrange all of this for you and give you the advice you need to make the right decisions to suit your business and personal circumstances. Making the right decisions at the outset could save thousands later.
Overall, our aim is to make sure you have considered all the main issues prior to starting the business.