Business Check List on and before Takeover Day

Business Check List on Takeover Day These Check Lists are madeon the assumption that anyone taking a lease or a tenancy will have been fully briefed by their Solicitor on their responsibilities within the constraints of the lease and the lists are for guidance and assistance in the taking over of a normal retail or manufacturing business.Everyone buying a commercial property, especially a lease should have a full survey to establishtheir commitment in respect of dilapidations.In addition always use a Lawyer specialising in Commercial Property, it can be a minefield.The lists are in alphabetical order first and priority second, higher priority are in block letters in the alphabetical list.1. Advertising2. Always go for completion at the beginning of the month, it helps cash flow by using your credit terms to the full, if you takeover at the end of the month, you get a bill within a week, if you have a months credit, you effectively get nearly six weeks credit.3. Asbestos Report including old Artex Ceilings and Walls4. Bank business accounts5. Cash and Carry Account6. Cash and Change for Tills and Machines7. Certification for all electrical appliances where applicable 8. Cleaning Equipment, understand good cleaning methods9. Charities Local, to support10. Cleaning supplies for Toilets etc11. Close Business until at least mid-day for stocktaking12. Cold Storage Check if necessary13. Contract to buy Business, Signed and completion time.14. Contracts of Employment for Staff 15. Delivery time and other Delivery Days for essentials on takeover day16. Delivery Days for all suppliers and order Days17. Diary for all Bookings and Incidents18. Environmental Health Health and Safety, Registration if applicable19. Energy Suppliers, Annual Contract20. Environmental Performance Certificate21. Equipment details of any outstanding rented or financed equipment22. Epos Tills make sure you know how they work23. External Notices for Car Parks, Gardens etc.24. Finance for completion25. Fire Risk assessment. 26. Fire safety equipment contract. 27. First Aid Boxes.28. Fixtures and Fittings, check quality and reject damaged fittings, if damaged since exchange of contracts, ensurethat you have enough to equipment to trade with, many vendors remove equipment without realising that they have been paid for by the purchaser. 29. Graph to record Day to Day Takings3. Close business for part or whole of day for takeover.4. Stocktaker for retail businesses5. Fixtures and fittings6. Delivery time and other Delivery Days for essentials on takeover day7. Staff paperwork Inland Revenue, hours etc8. Staff References 9. Staff Redundancy, Details of possible redundancy commitment for existing staff in cost, to you.10. Contracts of Employment11. Bank Business Accounts12. Trading accounts for major suppliers, and credit details13. Snagging list and all queries14. Refuse Collection15. Local suppliers AccountsButcher, Baker, Builders Merchant, Catering equipment, Computer Service, Dry Goods, Frozen and Fresh Food, Gaming Machines, Garage local, Greengrocer, Ironmonger, Local Brewers, Office Equipment, Plumber, Electrician, Refrigeration Engineer16. Weights and measures signs and compliance17. Performing Rights and PPL Phonographic Performance licenses if applicable18. Smoking legislation signs etc19. Phone Numbers of Essential Contacts20. Telephone Details of Pub/Restaurant21. Deliveries on the Day22. Cash and Change for Tills and Machines.23. PDQ Machines for Credit Cards 24. Delivery Days for all suppliers and order days25. Epos Tills understanding how they work26. Fire Risk Assessment27. Fire Safety Contract28. Asbestos Check, including old Artex Ceilings and Walls.29. First Aid Boxes30. Inland Revenue if you have staff, ensurethat you are registered31. VAT Registration32. Operating Schedule for businesses selling alcohol33. Licences for machinery or equipment that requires registration34. Insurance Documents, plus Public Liability35. Staff Job Description (Jobs Manual is worth considering)36. Equipment Details of outstanding rent or hire agreements37. Certification of Electrical Appliances etc38. Staff Dress Code39. Cash and Carry account40. Cold Storage Check if necessary41. Environmental Health Health and Safety Registration42. Heating service record Boilers etc43. External Notices for Car Park and Gardens44. Environmental Performance Certificate45. Energy Suppliers, annual contract47. Diary for all Bookings and Incidents48. Cleaning supplies for Toilets etc49. Interview Staff if available51. Rates payable and dates50. Cleaning equipment, understand good cleaning methods52. Service Contracts, Rodents, Equipment, Cleaning etc. 53. Advertising54. Always go for completion at the beginning of the month, it helps cash flow by using your credit terms to the full, if you takeover at the end of the month, you get a bill within a week, if you have a months credit, you effectively get nearly six weeks credit.55. Graph record of day to day Business56. Local Charities to supportsuppliers, href='http://www.infobarrel.com/Business_Check_List_on_and_before_Takeover_Day' - http://www.infobarrel.com/Business_Check_List_on_and_before_Takeover_Day -