[paul alan]

Just agreed to buy £500 worth of work, for £1500. Ain't got no experience with this, what's the best way to do this? The seller I know he's local and seems Cosha, I've heard he has a good reputation and his work is premium. He's asked me how I'd like to handover, I suggested a meet and introduction with the customers. Although I realise this may not be practical. Are there anyways to safeguard myself in this situation? Any advice would be greatly appreciated. Thank you.

[dave f]

 introduced to the custys is a safe bet imo . failng that draft a simlpe letter. with your details etc and when you will comence work.  are you wfp or trad ? if so tell them at the start. good luck.this is only my opinion you may think of some thing else better.

[Positivity]

Don't underestimate the amount of work involved if he's trad and hasn't touched the frames and you want to do it WFP. Month of first cleans first time round

[Shane O Neill]

Paul,very much like buying a car! some big Questions you need to ask & biggest is

 1,WHY is he selling (mayb genuine reason,too much on etc)
2,you say work is premium... so prices must be good ?
3.finally he has a good reputation so he's no going to sell you dirt or go back in behind your back few months down the line

i think you are on to a winner by the sounds of it & at 3x its a bargain...trust your instinct 
good luck

[paul alan]

I'm wfp and so is he, he's weeded out the trad although I still do a bit on bungalows anyways. I don't even own ladders. He's moving away in a few months and is selling a lot of work, some at a time. He's agreed to take me round all for an introduction, starting in the morning with a couple of commercials. I believe they're all clean which would be a dream as I take ages to first clean, I really knock em dead with it.
I guess it's always gonna be a risk, but he's reassuring. We need the work so I'm gonna go for it, then make the best out of it. Thanks guys.

[Johnny B]

I sold up and moved to Ireland 3 years ago. When I handed my work over, I wrote up a contract, stating what I was selling, how much I was selling it for, and included the terms that I was relinquishing all responsibility for the business, and that the buyer was assuming said reponsibility. I handed over all the customer addresses and prices at the same time, having previously emailed the buyer a summary of the number of customers, locations, frequencies and turnover.

I made up 2 copies of the contract, both parties signed both copies in each other's presence, and the monies were transferred into my bank in my presence.

I then hand delivered a letter to every customer explaining the handover.
 
Job done. No room for misunderstandings, and the transactions (I sold the business in 3 stages to the same buyer) went ahead without any problems whatsoever.

HTH.

John

[PoleKing]

I recently sold some work.
I trusted the guy i sold to.
I think he trusted me.
I drove him round the round but didn't introduce anyone.
He knew the round, roughly, from the drive.
He gave me the pennies, i emailed all the customer details over.

I wouldn't give it as advice but for me, its always about gut instinct.
If you thin the guy is gonna do you over. It aint worth the ag.
If you feel comfortable, give it a shot. Still exercise a bit of caution, it is your business, but roll with it.