Welcome to Businesses For Sale in Devon
Businesses For Sale in Devon is sponsored by Franchise UK ( https://www.franchise-uk.co.uk ), a leading franchise businesses for sale website with lot’s of business idea’s and useful information.
Businesses For Sale in Devon website is designed to give you a detailed list of businesses for sale Devon and also useful information on business information within the county. Should you be considering setting up your own business in Devon then our website will provide you with valuable contacts to get you started.
The county of Devon
Devon is a county in the South West England. Devon shares a border with Cornwall, Somerset and Dorset. Tourism and agriculture form an important part in Devon’s economic development. Devon produce many high quality artisan foods that are enjoyed throughout the United Kingdom. Dartmoor, this scenic moorland covers 368 square miles. Dartmoor is home to the tin mines that in the past helped the economy to grow. Devon is often referred to as the English Riveria. It has a dramatic coastline, sandy beaches and is a popular holiday destination. Larger towns and cities in Devon include, Ashburton, Axminster, Barnstaple, Plymouth, Exeter, Torquay, Paignton, Exmouth, Newton Abbot, Honiton, Ilfracombe, Okehampton, Totnes, Tiverton, Brixton, Teignmouth, Bideford, Sidmouth, Dawlish, Ivybridge and Northam
Economy, Businesses & demographics of Devon
Devon is the location of a number of notable UK and international companies who have either headquarters or major bases in the county. EDF Energy Exeter, Flybe Honiton and Friends Life Exeter.
Buying a business in Devon – Businesses For Sale in Devon tips
Locating the right businesses for sale in Devon
There are many websites, business transfer agents and printed media, advertising businesses for sale in Devon. Some specialise only in specific industry sectors. Many websites offer good advice for the potential buyer, all the information you need is out there and designed to help you complete the buying process with the minimum of fuss. Now is a great time to think about locating Devon based business professionals that can help you, these include, a lawyer to check through heads of agreement and give you advice throughout the transfer and an Accountant to check out the businesses figures. Businesses For Sale in Devon will contact useful contacts to help you find these professionals.
You have found businesses for sale in Devon that seem ideal, how do you know the business is correctly valued? As a rule of thumb, some businesses are valued at 2-5 times net profit, however this can vary greatly. As with anything that is for sale it is worth what the buyer is prepared to pay and will find its own value in the market.
Most businesses for sale in Devon are negotiable particularly if they are motivated to sell for a reason such at retirement, bereavement or moving away etc. Always find out why the vendors are seeking to sell businesses for sale in Devon.
You need to check the net profit, any liabilities or assets the business may have. If you detect a drop in profit ask why, there may be a genuine reason for this. Think about the area and the type of business, would you use it? Is it a good fit for the location. Will it require you to buy stock, how will this be valued and are there existing staff that you would be expected to employ? This process of evaluating businesses for sale in Devon is called due diligence and is your chance to check everything out prior to completing the purchase.
You would be advised to employ an experienced Devon based business accountant to check the figures, being experienced handling businesses for sale they may find something that escapes your notice. Obviously, business lawyers and accountants cost a fair amount however, when you think of their fees compared to the purchase cost of the business for sale it is negligible and could save you a real headache in the future! If after evaluation of the business for sale the deal does not stack up be prepared to walk away.
We hope you enjoy browsing through the Businesses for Sale in Devon in your search for Devon based businesses for sale.