Buying A Business

Business Acquisition

Our business purchase lawyers are very experienced and commercially savvy.

Some of the things we can assist you with are as follows:

  • Due Diligence
  • Business Purchase Contract Review
  • Contract Negotiation
  • Business Structure Advice
  • Lease Advice
  • Asset Only Purchases

Different types of businesses require different advice

Small Business Purchase

We recognise that small businesses have their own set of legal matters that need to be attended to and we provide relevant legal advice. We tailor our small business purchase package to be cost effective, based on what is required in your particular case.

Just few (of many) typical issues could include:

  • Does the seller have the right to the business name?
  • How much time is left on the lease? Does the landlord agree to the sale?
  • Does he or she owe money on the inventory or equipment and could it be repossessed by the suppliers?

It is imperative that in the enthusiasm to acquire a business or start a new business, these types of issues are explored.

Larger Or More Complex Businesses

Medium-size businesses acquisitions will often have quite individual issues that require careful thought by your lawyers and you as the purchaser. There may be complex ownership arrangements, assignments of existing arrangement, intellectual property issues and complex employment matters to consider. Our senior lawyers can provide detailed advice. We have experience in complex and detailed negotiations to ensure that your interests are protected, but while understanding the need to remain commercially minded in representing your interests. As we deal with many types of businesses we can discover relevant issues that may not have been previously considered.

Matters To Consider When Purchasing Any Business

Due Diligence

Purchasing a business can be exciting. It is likely that those selling you the business are extolling its positive aspects.

When you are considering buying an existing business, it is wise to undertake careful due-diligence and then to ensure that your business purchase documentation is in order and appropriate for you in the circumstances.

Experience has taught us that proper due-diligence helps a purchaser go in “eyes wide open” and hopefully be more aware of any weaknesses that the business has. The results may affect amount you offer to pay for the business.

Due diligence in relation to a relatively small business purchase might include some of the following:

  • Financial statements from previous years, including detailed profit and loss
  • The strength of the customer base
  • The adequacy of business premises, including any lease
  • Your ability to increase the turnover / profitability of the business

Useful due-diligence will assist you in helping you to decide whether the seller’s terms are fair and appropriate .

Acting With Your Best Interests In Mind

Buying a business requires lawyers who have experience across many different areas of law.

We provide fast and cost-effective advice.

If you’re looking for experienced business purchase lawyers who understand the cut and thrust of business, please contact us and to talk to one of our team.

We can be contacted on 1300 907 335 or, if you prefer, please fill out the contact form on this page and one of our business purchase lawyers will respond to you promptly.


Do I need a lawyer to buy a business?

Yes – you should have an experienced business lawyer to make sure that your business sale or purchase goes through smoothly. If this is the first time that you have bought a business you should definitely use a lawyer to make sure that you meet your legal obligations. Much like buying a house a business lawyer will advise on the contract and agreements and check they are right for you and calculate settlement figures. They can also advise you of other factors such as employee rights, leases, goods etc. Often there are contracts that are renegotiated and a business lawyer will also be able to advise you on how to protect yourself from liabilities from the previous owner. You will also be able to seek advice on incidental matters that arise during the settlement process and make sure you are well informed and make the best decisions.

Our Locations across Melbourne


Level 15, 440 Collins Street,
Melbourne VIC 3000


Level 8,
1341 Dandenong Rd,
Chadstone Vic 3148


Ground Flr,
435 Nepean Hwy,
Frankston Vic 3199


Level 1,
441 South Road,
Moorabbin Vic 3189


Ground Flr,
84 Hotham St,
Preston Vic 3072


Level 2,
311 Lonsdale St,
Dandenong Vic 3175


Level 5,
12 Clarke Street,
Sunshine Vic 3020