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Businesses for sale Hertfordshire website is designed to give you a detailed list of businesses for sale in Hertfordshire and also useful information on business information within the county. Should you be considering setting up your own business in Hertfordshire or investing in businesses for sale in Hertfordshire then our website will provide you with valuable contacts to get you started.
The county of Hertfordshire
Hertfordshire is a county in southern England, bordered by Bedfordshire to the north, Cambridgeshire to the north-east, Essex to the east, Buckinghamshire to the west and Greater London to the south.
n 2013, the county had a population of 1,140,700 living in an area of 634 square miles (1,640 km2).
Economy & demographics of Businesses in Hertfordshire
Hertfordshire has headquarters of many large well-known UK companies. Hemel Hempstead is home to DSG International. Welwyn Garden City hosts Tesco, as well as Roche UK’s headquarters (subsidiary of the Swiss pharmaceutical firm Hoffman-La Roche) and Cereal Partners production facilities, Pure the DAB radio maker is based in Kings Langley. JD Wetherspoon is in Watford. Comet and Skanska are in Rickmansworth, GlaxoSmithKline has plants in Ware and Stevenage. Hatfield used to be connected with the aircraft industry, as it was where de Havilland developed the world’s first commercial jet liner, the Comet. Now the site is a business park and new campus for the University of Hertfordshire. This major new employment site is home to, among others, EE, Computacenter and Ocado. A subsidiary of BAE Systems, EADS and Finmeccanica in Stevenage, MBDA, develops missiles. In the same town EADS Astrium produces satellites. The National Pharmacy Association (NPA), the trade association for all of the UK’s community pharmacies, is based in St. Albans. Warner Bros. also owns and runs Warner Studios in Leavesden.
Buying a business in Hertfordshire – Businesses For Sale in Hertfordshire tips
Locating the right businesses for sale in Hertfordshire
There are many websites, business transfer agents and printed media, advertising businesses for sale in Hertfordshire. 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 Hertfordshire 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 Hertfordshire will contact useful contacts to help you find these professionals.
You have found businesses for sale in Hertfordshire 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 Hertfordshire 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 Hertfordshire
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 Hertfordshire 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 Hertfordshire 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.