Buying a Business

What Do I Need To Know About Buying a Business?

Buying a business is a huge life decision that can have long term financial consequences for you or your business.

An incorrectly negotiated contract can mean that you do not buy all of the business assets that you thought you were buying, and can result in the business not running the same way you had envisaged, resulting in the loss of potential profits.

A good contract will make sure that the terms of the sale are correctly stated, including the timelines for the transaction, what is included in the sale, and the rights and responsibilities of each party. A good contract will also make sure that the seller won’t be able to re-open the business in a few months and take all of their customers back.

We’ve helped our clients buy and sell bars, pubs, restaurants, salons, gyms, retail shops, wholesale and manufacturing enterprises, online businesses, professional services practices, rent rolls, post offices and pretty much anything in between.

Our expert commercial lawyers have decades of experience and would love to help you with your business acquisition.

Give us a call or submit an enquiry today.

Contact Thornton & King Lawyers

Do you have a question about our services? Contact us today, and a member of our team will get back to you soon.

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What our customers say

I wanted to express my sincere gratitude for all the hard work, time, and expertise that Amanda and her team put into our property settlement. Their attention to detail, clear communication, and persistence made what could have been a stressful process so much smoother and less daunting for us. We truly appreciate the extra effort you went to on our behalf — it didn’t go unnotic...

Lena Wang

3 weeks ago

The best! Amanda and Andy were a wonderful source of professional advice from start to finish regarding the sale of my property. Super responsive and proactively managed every step of the process, which was so important as this was my first property sale. My estate agent also commented on how efficiently the contract for sale was provided, along with Amanda and Andy's responsiven...

KB

4 weeks ago

⭐️⭐️⭐️⭐️⭐️ I cannot thank Sarah Newman, and Andy, at Thornton and King enough for their incredible support over the past six months. The settlement of my property was long, drawn-out, and at times quite tedious—but throughout the entire process, they were consistently professional, prompt, and reassuring. Sarah and Andy were always available to answer my questions, explain things...

Shelley Robertson

2 months ago

Vanessa and Andy held my hand the whole way through. Their knowledge, experience, professionalism and genuine care for me, hugely reduced my stress with what I was going through. They never left my side and now I will never leave theirs. I highly recommend them.

Heather Bertini

a month ago

We had the pleasure of working with Andy and Alan, and they were absolutely amazing. Their knowledge and expertise were invaluable as they guided us through the process of purchasing our first property in Queensland. They went above and beyond to assist us and were always available to answer the many questions we had as first-time buyers. We highly recommend Thornton & King and ...

Paris Dzuheric

7 months ago

Thornton+King handled the recent sale of my apartment with great professionalism and efficiency. Communication was good, clear. and concise throughout. I'd like to give a special shout out of thanks to Andy Habib for ensuring everything ran as smoothly as it did.

Suzi Cottrell

4 months ago

Excellent service from the whole team at Thornton + King - they did the legal work for my sale and subsequent purchase in a very professional, courteous manner. Would definitely use them again.

Margot Saville

a month ago

We have now bought and sold multiple times with support from Thornton + King. They are always incredibly efficient, helpful and proactive.

Niccola Phillips