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Contracts, licenses and administrative authorizations

Special attention is Contracts, licenses and required here. Generally, current contracts are transferred along with the business assets. For example, contracts with suppliers. If you don’t want to take on the same suppliers, you’ll need to ensure these contracts are terminated. The same goes for employee employment contracts.

For the right to a rental lease, if the business is dentist data transferred in its entirety, then normally the rental lease must be transferred as well. Note, however, that the lessor may object in certain legal, but rare, cases.

Next, you need to know if the licenses and administrative authorizations you are collecting are in order, are you missing any, and should you consider making additional requests to the town hall?

4. Location and competition

You should first analyze Contracts, licenses and the catchment area. The business you want to take over may have an impressive appearance, and you might think it’s love at first sight, but is it a busy and lively area? If there’s no one around, this may be one of the main reasons for putting the business in question on the market. Even if you plan a powerful marketing strategy, you’ll still need a minimum potential target

Another important element: what other only relevant creatives will help you stay in the information field of your target audience establishments are surrounding your restaurant? School, university, startup, political institution, or hospital? This will have an impact on your restaurant’s clientele, and more implicitly on your revenue and busy hours.

As for competition, it’s always a good sign if the street your business is located on is populated with other restaurants: this probably means that the flow of customers there is high. You should be careful to ensure there are no direct competitors. If you’re thinking of opening a pizzeria and there’s already one on the street, you’re taking a risk.

5. The clientele and your target

When you take over a Contracts, licenses and restaurant, you also take over its clientele. It’s therefore important to know what type of customers frequent the restaurant. Are they students, tourists, young startup employees, or civil taiwan lists servants? You should be able to access your predecessor’s customer database to get a better idea. This database could prove invaluable for a marketing campaign or announcing your opening.

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