Other business for Sale & Takeover in Singapore
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Buying a other business in Singapore
- What is a takeover fee for a other business?
- A takeover fee is the amount paid to the existing owner to take over the business, covering things like renovation, equipment, licences, staff and the remaining lease. It is separate from the monthly rent, which continues to be paid to the landlord.
- What should I check before taking over a other business?
- The remaining lease and whether the landlord will assign it to you, the actual monthly rent and any pending increase, what equipment and licences are included, and why the current owner is selling. Every listing here shows the rent and lease terms so you can compare before enquiring.
- Do I take over the existing staff?
- That depends on the agreement. Some sales include staff who are willing to stay, which keeps the business running from day one; others do not. Confirm it in writing before committing.