Empower Your Business

Accounting is Just the Beginning

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Ask an Accountant – Top Tips for Starting a Cafe

Top_tips_Cafe

Welcome to the second episode of Ask an Accountant. This is your chance to get direct answers to your accountancy, business & tax questions from business and tax expert Nick Roberts who founded the Accountancy + Business Advice Centre

This week’s question asks for tips on starting a cafe….
Press play to see the response

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Are You Buying A Business?

There seems to be a lot of interest in people buying businesses so let us hope that is a good sign for the economy. We’ve already talked about the need for care generally when you are looking at a business acquisition (click here) but if you are contemplating buying a business, there are numerous matters to be considered

Essential information you need to get before acquiring a business

Other issues to be aware of:

  • Never sign a contract until you have had legal and accounting advice
  • Make sure you are buying the business in the appropriate entity
  • Keep full records of everything that is said or given to you by the vendor or vendor’s representative.
  • Do your own due diligence and check all the information supplied to you.
  • Is the location satisfactory for your business?

If you would like a copy of our Guide to Buying a Business, please contact Nick on 0800 ASK NICK or email nick@abac.co.nz.