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Buying Mobile Catering Business - But No Business Accounts

by Bonny

I have just been to view a small mobile catering business for sale, but the owner hasn't kept any books. Is this usual practice? Also what do people do with all their rubbish they accumulate if the council don't collect?

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Jan 18, 2011
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by: David

Hi,

Unfortunately this is the usual practice amongst some mobile caterers even though it shouldn?t be the case. If the person who is selling the business claims it earns a certain amount of income each week.

But has not accounts to back it up. One way to find out how much the business is earning could be to spend a couple of weeks with the owner during the trading day. This will give you a good indication of the true earning potential of the business without you risking any money upfront.

In regards to rubbish accumulated while you are trading - it?s up to you to get rid of any rubbish that your or you customers generate including any cooking oil which you may be using.
Hope this helps

Best of luck

David
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