3 disadvantages of buying by description
Answers
Answer:
The business might need major improvements to old plant and equipment.
You often need to invest a large amount up front, and will also have to budget for professional fees for solicitors and accountants.
The business may be poorly located or badly managed, with low staff morale.
External factors, such as increasing competition or a declining industry, can affect future growth.
Under-performing businesses can require a lot of investment to make them profitable.
The seller's personality and their established relationships may be a major factor for the success of the business.
Explanation:
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Explanation:
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