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Business Sales and Transfers

Click on the questions below to reveal the answer.

Should I, when selling a business, provide Vendor finance?

Providing Vendor finance is often a way to get a higher price for the business. However, there are many risks. For example, if the new owner is not an effective operator of the business and loses money, the chances are he will not be able to pay.

A further example of risk associated with Vendor finance – the new owner may decide, after occupying the business for a period of time, that he / she was mislead about the value of the business and paid too much. it. He / she may then perhaps refuse to pay the balance of the purchase price.

A Vendor who provides finance to a Purchaser is always taking a risk – even if he has good security.

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Free legal advice.

If you have some questions, want some advice or want to get the process underway, contact Scammell & Co. to arrange a meeting. In many cases (not all) the first 30 minutes of your first meeting is free. This can give time to outline your matter and for us to give you preliminary advice.

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OUR OFFICES


Port Adelaide
235 St Vincent Street,
Port Adelaide
South Australia 5015

(08) 8447 4466
8.30am-5.00pm
Mon-Fri

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86 Franklin Street,
Adelaide
South Australia 5000

(08) 8212 6875
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Mon-Fri

Walkerville
107 Walkerville Tce,
Walkerville
South Australia 5081

(08) 8342 0300
8.30am-5.00pm
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Gawler
8 Union Street,
Gawler
South Australia 5118

(08) 8522 7160
8.30am-5.00pm
Mon-Fri

Renmark
By appointment
(08) 8586 6764

Tanunda
By appointment
(08) 8522 7160

After hours - 0412 975 081 - Evenings, Weekends, Public Holidays

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