Friday, August 25, 2006
Dealers unrealistic when selling businesses
Dealers looking to sell off their business have unrealistic expectations when it comes to how much they can get in goodwill payments.
According to motor trade specialist accountancy firm, Trevor Jones, a number of dealers are looking to achieve goodwill payments which have no substance. “A large proportion of people looking to exit the motor trade are expecting too much in the way of goodwill payments for their businesses without thinking about how the goodwill is justified”, said Robert Jones.
“Vendors should not be put off selling. However, they should consider just how much they themselves would be willing to pay for their own business.
DATED: 25.08.06
FEED: MT
According to motor trade specialist accountancy firm, Trevor Jones, a number of dealers are looking to achieve goodwill payments which have no substance. “A large proportion of people looking to exit the motor trade are expecting too much in the way of goodwill payments for their businesses without thinking about how the goodwill is justified”, said Robert Jones.
“Vendors should not be put off selling. However, they should consider just how much they themselves would be willing to pay for their own business.
DATED: 25.08.06
FEED: MT
