Buy a Business

When choosing to buy a business, having a legal expert on your side is the best way to ensure a quicker and smoother process.

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Choose an expert solicitor for your business purchase

Buy a Business

How to purchase a business

As the purchaser, you’ll first need to reach out to a legal expert who will support you through the process. Your solicitor can also support you in the negotiations, offer their advice on the agreement, and mitigate any risks to ensure your purchase is protected.

Once the exchange is complete, you will inherit the business’ assets, such as its possessions, investments, employees, and the property.

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Business

Purchasing a business

If you’re interested in purchasing a business, you’ll need to seek professional advice to guide you through the process and arrange your finance with a lender.  They’ll want the business’ particulars and financial information, and information regarding your own personal assets and liabilities.           

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Selling a business

If you are selling your business, you will also need an expert solicitor to guide you through the process, and ensure the transfer is legal. 
Your solicitor will check all agreements and paperwork and advise you on whether the deal is solid.  

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Why use The Law Superstore to find a solicitor or legal expert?

Save money by comparing solicitor costs
We only work with quality, experienced and accredited solicitor or legal firms
Competitive prices across England and Wales

The Law Superstore is the UK’s leading legal comparison site, designed to save you money when looking for a solicitor or any other legal expert. Get instant quotes, compare prices, locations and features and choose the lawyer that’s right for you. And we’re completely free to use.

With over 130 legal services on offer, from divorce to personal injury claims, we can help you get a great deal on your solicitor fees. You compare everything else, why not solicitors?

Legal professionals you can trust

All our solicitors and legal professionals are accredited or regulated. They go through a rigorous joining process and must have a redress scheme available, as well as their reviews and financial situation being assessed by our onboarding team. We only work with high quality, experienced legal experts.  

Frequently asked questions

The purchase of a business is the act of buying or acquiring a business with the intention of continuing its commercial operations. Whether you’re buying as an individual or on behalf of a company, legal expertise is a must.

The length of time it takes to buy a business can depend on the situation. Variables can include the landlords or investors involved and must be considered when calculating the purchase period. It’s best to allow for 4-6 weeks between the start and completion of the process.

Valuing a business prior to purchase is extremely important so that you don’t overpay and are aware of exactly what you’re getting in the deal. A financial advisor is a key member of the team here and can advise on the value of different assets. Your solicitor will also be able to guide you through the valuation before you purchase the business, highlighting any concerns, or any points where you need to ask more questions.

Whether the business you’re buying is large or small, it is vital that you have a solicitor at your side throughout the process to ensure the exchange is valued correctly and that the purchase agreement meets both party’s desires.

With an important purchase you will want to feel confident that you've got an expert on your side. We recommend checking their experience in business purchases, asking for examples, checking reviews online, and spend some time speaking to your potential solicitor, to see if they offer everything you expect. Have a look at our guide on choosing a solicitor.

Help & Advice

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