01/08/2007 by info.

Home Information Packs (HIP’s) became legal for the sale of residential property in the UK today for properties with 4 or more bedrooms.  However the good news is for vendors is that commerical property or property with mixed use is still exempt.  

So if you have an 8 bedroom property that you have been using as a Guest House, if you went to an estate agent and tried to sell it as a residential property you would need a HIP.  If you went to a Business Transfer Agent, (and why wouldn’t you as you are selling a business) you wouldn’t need a HIP.

The same applies if you wanted to sell a village shop with a four bedroom house attached, you still would not need a HIP. 

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22/02/2007 by info.

If you were selling a car, 2 weeks is a long time, sell a house and 6 weeks is a long time.  So how long does it take for you to sell you business? 

As the number people looking to buy a business is considerably lower than the number looking to buy a house or car a reasonable time is considerably longer than 6 weeks to find a buyer. 

Of course you could be timing it perfectly, and the person who will your business might be looking now so you could have a sale agreed in a week.  But often it can take 6 months or longer to find a buyer, so don’t blame your agent if it isn’t sold in that time. 

What you need to be concerned about is firstly the number of enquiries you are receiving and secondly why the enquirers don’t want to take the purchase further.

If you are not getting anyone interested then perhaps the price you are marketing your business is too high, and either you have too high expectations or your agent doesn’t know the market as well as they suggest.

If you are getting enquires but they simply are not interested after looking at your business you need to decide where the process it falling down.  Do the sales details sell your business?  Are there other reasons why they are not interested, do the premises or accommodation look a mess?  Are you negative about your business when you talk to prospects?

Perhaps you just need to take a closer look at your business.  It’s often not as desirable to other people as you think it is.

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08/01/2007 by info.

Welcome to Vandervells News, an informative and hopefully interesting news diary for Vandervells Business Transfer Agency in the counties of Suffolk and Essex.

You can find the Vandervells website at http://www.vandervells.com/

I have been a business transfer agent since 1999, previously trading under and owning a licence with Lakey & Co.  Having moved to the Suffolk/Essex border I decided to open a new area for Vandervells.

Vandervells if you didn’t know are perhaps the longest established business transfer agency (BTA) in the country, the proprietor Geoff Van Der Velde, having sold businesses all his life.  I am happy that no one in the country knows more about selling businesses than Geoff, and am hopeful of a long and sucessful relationship.

This blog will provide news about Vandervells and the market for selling businesses which I hope will be useful to those of you who are thinking about using a BTA.

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