I'm currently thinking about buying a business, the current owner has given notice on their lease ready to sell it on.
It's a well established beauty business with 2 staff members, I'd basically be paying a bit for the equipment and a lot for the business goodwill, as that is most of the purchase price since they don't own the property.
If I negotiated with the landlord and signed a lease agreement could I just start running my business without actually buying the current business?
Obviously with a different name, and I'd not have access to client information, and would have to buy equipment and get staff if these didn't want to stay on.
Basically is there anything legally stopping me from doing this? Surely if I have signed a lease agreement with the landlord then the current business would just have to move out? I realise this is not a nice thing to do.
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Is this a legal if cheeky way to get a business...
8 replies
Coalbunks · 03/12/2017 00:55
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