Welcome to BuyThenBuild.co.uk

I’m launching this website to help budding entrepreneurs discover information about how to apply the concepts outlined in the book ‘Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game‘ by Walker Deibel.

When I first started my journey to becoming an acquisition entrepreneur, I noticed it was difficult to find the information I was looking for that specifically related to the UK market. So I intend to fill the gap by posting a range of content on this website, including information about how to find good businesses for sale, what to look out for in your first acquisition, how to negotiate a great deal and what financing options are available.

How buying a business in the UK is different to the US

The process of buying a business in the UK is generally similar to the process in the US, but there are some key differences.

Firstly, the legal and regulatory framework in the UK is different from that in the US. In the UK, there are strict laws and regulations that govern the sale of businesses, including requirements around due diligence, disclosure, and warranties. Buyers are typically required to conduct a thorough review of the business’s financial and legal history before making an offer, and sellers are required to provide detailed information about the business’s performance, assets, and liabilities. In contrast, the US tends to have a more flexible legal framework for business sales, with fewer requirements around due diligence and disclosure.

Another key difference is in the financing options available. In the UK, there are several government-backed financing schemes that can help buyers access capital, such as the British Business Bank and the Enterprise Finance Guarantee. Additionally, crowdfunding is a popular option in the UK, allowing entrepreneurs to raise money from a large number of individuals through online platforms. In the US, financing options may be more varied, with options like Small Business Administration loans, venture capital, and angel investors.

Culturally, there may also be differences in the way business is conducted and negotiated. In the UK, there is often a greater emphasis on building relationships and establishing trust, whereas in the US, the focus may be more on the numbers and the bottom line. This can impact the negotiation process and the way deals are structured.

In conclusion, while the processes of buying a business in the UK and the US may have some similarities, there are also significant differences in terms of the legal framework, financing options, and cultural norms. If you’re considering buying a business in either country, it’s important to understand these differences and seek expert advice to ensure a successful acquisition.