Tailored Conveyancing Solutions

Selling a business varies greatly from selling a residential property and, with Conveyancing Central Coast, we’ll help you every step of the way. Our legal team and conveyancers are on hand to offer relevant advice and assist in preparing all the necessary documentation and representing your best interests.

If you’re considering whether to sell a Central Coast commercial premises, there are a number of factors that need to be taken into consideration. At Conveyancing Central Coast, we’ll explore your options, determine an effective approach and help you understand your obligations as the seller.

Our legal conveyancing team will guide you through the preparation of sale contracts including the conditions of sale and your legal requirements. We’ll determine what specifically is included or excluded in the contract of sale, settlement period and guide you through your disclosure responsibilities. With Conveyancing Central Coast, we’ll take great care to help you avoid financial risks from failing to disclose significant factors that could impede the sale of the business. 

If you’re currently in the process of selling your business, our legal conveyancing team will help you transfer all ownership of rights, responsibilities and assets of the business. Seeking advice from our team at Conveying Central Coast can potentially save you from any pitfalls, risks and liabilities associated with not understanding your legal obligations as the seller. We’ll assist you with:

• Preparing the Contract for Sale
• Ownership transfer
• Specify assets & conditions of sale
• Legal requirements are adhered to
• Current employee contracts
• Review supplier agreements

Once a buyer for your business has been found, and contracts have been exchanged, a deposit is generally paid by the purchaser and held in the trust account of the real estate agent. 

During the settlement period, we’ll liaise with your bank to release any mortgage that’s held on the property. We recommend using this time to arrange the disconnection of your utility services. 

At Conveyancing Central Coast, we understand that the decision to sell a business hasn’t been made lightly. However, our goal is to ensure our valued clients are fully aware of all their options to make an informed decision that will maximise their financial benefits. 

If you have long-term employees, do you want to provide job security for the next business owner? You may include in your agreement that you wish to stay on as a consultant to ease the transition. Your new buyer might request you sign a non-competition agreement promising not to operate a competing business or work for an existing competing business after selling the business. 

What about your business assets? Chances are you retain customer lists, supplier relationships and trained staff can be considered significant assets that add value to your business. This can affect your selling price and is a crucial aspect to consider.

Linda Emery assists property owners sell and buy businesses across the Central Coast. If you’re looking to purchase your dream home, sell a property, refinance a mortgage or prepare a rental agreement, we’re confident we can help you. At Conveyancing Central Coast, we strive to make the conveyancing process simple and stress free for all our clients.

To book a consultation with our legal team on the Central Coast, don’t hesitate to contact us at Conveyancing Central Coast. We’ll schedule a time that suits you.