Buying A Practice
- Buying a practice
- Browse practices for sale
- Who pays Myers La Roche?
- As a prospective purchaser, do I pay anything?
- Now I have registered, what are my rights?
- What are the Business Details?
- What happens if confidentiality is breached?
- What is the Client Protection Register?
- What happens when there is a practice for sale in my area?
- How do you value a practice?
- Can I have a copy of the accounts before I visit the practice?
- How do I get more information & make an offer?
- What happens when my offer is accepted?
- How much money can I borrow?
- How do I choose a solicitor?
- Once my offer is accepted, how long will the paperwork take?
- What do Myers La Roche do whilst the sale progresses?
- Once my purchase is complete, how can Myers La Roche help?
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What happens when my offer is accepted?
If the vendor accepts your offer, we will introduce your solicitor to the vendor's solicitor. Your offer is, of course, subject to 'due diligence' - having sight of the trading accounts, the lease and the independent practice valuation certificate, if available. You may want to commission your own survey of the property or a further valuation of the business.
We will ask you to provide 'proof of finance', some references and we ask your current bank to provide a Status Report for which they will charge you about £15.00.
At this stage no further offers will be introduced unless you withdraw your offer. This measure prevents a "race for contracts" situation and avoids the possibility of your offer being "gazumped". We will continue to liaise with you, the vendor, the landlords and the respective solicitors until the matter is brought to a conclusion.