Nursery World - Sales talk

Buying or selling a nursery need not be daunting, provided you get the right professional advice, but there is plenty to think about. Solicitor Robert Collier outlines the main issues to consider Buying or selling a business is different from buying or selling a house.

Buying or selling a business is different from buying or selling a house.

In a house purchase, a buyer has the opportunity to undertake searches of the public registers and commission a survey, but the acquisition is at the buyer's risk (the caveat emptor - or buyer beware - principle).

The acquisition of a business is more complicated, because the asset being bought is a fully functioning business, and the risk borne by buyer and seller is open to negotiation. And nursery businesses also have their own nuances.

What are you buying or selling?

The first decision that a buyer or seller needs to make is whether the sale should be structured as 'a share sale' or 'an asset sale'.

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