Questions To Ask Your Accountant When Buying A Business

The five most important questions you want to ask the seller before you buy a business using Accountant Woodbridge. If you are planning to purchase an existing business, one thing you must do is involve your accountant woodbridge in the decision. An experienced accountant at woodbridge can tell you much more than how to set up your books and pay your taxes. In fact, the advice he or she provides should determine whether you purchase the business or not at Accountant woodbridge. Your accountant at woodbridge will want to discuss many things and the following list of questions can get you started.

1. Can I trust the financial records of the previous owner?
2. In your opinion, should I purchase this business?
3. Do I have the financial assets to operate this business successfully?
4. What should I think of the income projections the owner gave me?
5. Are the assets of the business properly priced?
6. Is the entire asking price of the business fair and justified?
7. What will I want to change about the business if I go ahead with the
purchase?
8. Would I be better off starting my own similar business?
9. What type of business structure should I organize the business as?
10. What kind of financial projections can you help me with?

Buying Tim Hortons franchise Through Accountant

Information about Tim Hortons franchise by your Accountant Brampton ON. When you buy a franchise, you often can sell goods and services that have instant name recognition, and get training and support that can help you succeed. But purchasing a franchise is like every other investment: there’s no guarantee of success.

A franchise enables you, the investor or franchisee, to operate a business. You pay a franchise fee and you get a format or system developed by the company (franchisor), the right to use the franchisor’s name for a limited time, and assistance. For example, the franchisor may provide you with help in finding a location for your outlet; initial training and an operating manual; and advice on management, marketing, or personnel. The franchisor may provide support through periodic newsletters, a toll-free telephone number, a website, or scheduled workshops or seminars.

Buying a franchise may reduce your investment risk by enabling you to associate with an established company. But the franchise fee can be substantial. You also will have other costs: for example, you may be required to give up significant control over your business while you take on contractual obligations with the franchisor by Accountant brampton.

McDonalds Franchise Information by Corporate Accountant Brampton

Information about MacDonald’s Franchise business through your local corporate accountant brampton. In today’s market McDonald’s restaurants are one with highest market share compare to other food basis restaurants. What are the requirements to open a McDonald’s franchise? If you qualify to open a McDonald’s franchise and are willing to invest your time and money it can be a very financially rewarding and life-changing experience. If you are considering buying a McDonald’s franchise you will most likely buy an existing franchise restaurant. Most franchisees enter the system by purchasing an existing restaurant, either from McDonald’s or from a McDonald’s franchisee. A very small number of new operators enter the system by purchasing a new restaurant in brampton.

An initial down payment is required when you purchase a new restaurant (40% of the total cost) or an existing restaurant (25% of the total cost). The down payment must come from non-borrowed personal resources, which include cash on hand; securities, bonds, and debentures; vested profit sharing (net of taxes); and business or real estate equity, exclusive of your personal residence. Since the total cost varies from restaurant to restaurant, the minimum amount for a down payment will vary. Generally, you need a minimum of $300,000 of non-borrowed personal resources to be considered to open a McDonald’s franchise. Individuals with additional funds may be better prepared for additional or multi-restaurant opportunities which McDOnald’s encourages, corporate accountant brampton.

Tim Horton Franchise Information by Corporate Accountant

Very important information about Tim Horton Franshise business by your Corporate Accountant Vaughan.  Tim Horton restaurant owns majority of the market share of coffee in Canada. The restaurant that became Tim Horton’s got its start in Hamilton, Ontario, in 1964. By 1967, Ron Joyce, a franchisee of that company, had started an additional three stores, and he and Tim Horton, a National Hockey League legend, became official partners. In 1974, Horton was killed in a car accident and Joyce became sole owner of the company. Tim Hortons merged with Wendy’s International Inc. in 1995 and has more than 1,800 locations in Canada and the United States.
The goal of Tim Hortons in the United States is to duplicate the same commitment to product quality, value, cleanliness, customer service and community leadership that has been established in Canada by our affiliate, The TDL Group Corp. These basic principles are best executed by owner/operators who are dedicated entirely to the hands-on operation of their Tim Hortons restaurants, and are supported by an extensive range of services provided by Tim Hortons and its affiliated companies.

As of July 2005, there are over 260 Tim Hortons locations in the United States. These are situated in Michigan, Ohio, New York, West Virginia, Kentucky, Maine, Rhode Island, Connecticut, Massachusetts and Pennsylvania. Future expansion and opportunities will continue in these markets for the next several years.

Subway Franchise by your Accountant Woodbridge

Eleven things you need know about franchise business before you buy a franchise by your Accountant Woodbridge. In the world of franchises, Subway tops the list as the best franchise  opportunity. As America becomes more concerned about healthy eating, Subway  continues to grow in popularity. If you are thinking of starting a business, a  Subway franchise should definitely be one of the options that you consider by Accountant woodbridge. The  benefits of buying into franchising are numerous; one of the largest is that you  buy into a well-known brand name and they assist you with set-up and marketing.

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