GSB-19: 8 Closing Checklist You Must Check Off Before Buying A Gas Station Business - a podcast by Shabbir Hossain : Entrepreneur, Business Coach and Blogger
from 2015-11-08T01:53:59
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In this episode I discuss a 8 point checklist that one should follow as the pre closing checklist to ensure the closing transaction is done smoothly and without any unnecessary hiccups. Not to mention following these 8 points property can save thousands of dollar.
- Check the merchandise pricing to make sure they are not out or range
- Negotiate the retail to cost percentage of the inventory you will be paying to the seller
- Meet with the employees and explain to them what is taking place
- Plan with seller for transfer of all regulatory licenses
- Transferring all utilities under your company
- Notifying all vendors about the change
- Identifying all unsalable merchandise at the closing day
- Follow proper Inventory counting process
The book I mention in this episode is The School of Greatness: A Real-World Guide to Living Bigger, Loving Deeper, and Leaving a Legacy by Lewis Howes
Further episodes of Gas Station Business 101 Podcast - How to Start, Run and Grow a Successful Gas Station Business
Further podcasts by Shabbir Hossain : Entrepreneur, Business Coach and Blogger
Website of Shabbir Hossain : Entrepreneur, Business Coach and Blogger