A blog on issues affecting Australia's newsagents, media and small business generally. More ...

Seller beware, maybe the buyer is not that interested

Several newsagents report being approached by business brokers looking to buy their newsagency. Upon suggesting they would be interested to talk further they are presented with a confidentiality agreement which is very skewed to the buyer.

If you are approached to discuss possibly selling your newsagency DO NOT sign any confidentiality agreement without getting independent legal advice first.

I have seen a situation where someone purporting to be interested in purchasing a business used this as a cover to find out more about the business so they could acquire the lease and pay nothing for the business.

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Newsagency challenges

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