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Do I have to keep staff if I buy a small business

When buying a small business do I have to keep the staff

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I am an importer of wines from all over the world but mostly Italy, France, and Spain. We also have very nice wines from Chili and Argentina. It is a very fun business and I would like to establish these wines in many other states. As the importer, I have the exclusive right to sell these wines. I have spent much time and effort securing these wines. My strategy is to find excellent wines at the low price points. I have been able to do that because I sought out wineries with no representation in the US. These wineries are very anxious to sell in the states and I am very anxious to help them do that.

I have put together several programs where an individual can get into the wine distribution business without a large outlay of cash or go all out and purchase a large amount of inventory. I recommend starting with a small amount and build a customer base. Then other "unique imported wines" can be added to your offerings. An energetic individual can build a customer base with out having to hire a sales staff. Building relationships is what is most important. Please review my add in BizBuySell.com. Look for "Unique Imported Wine Distribution"

I have a biz ad running that states $12,000.00 can get you started with $5,000.00 of working capital. This would cover the cost of your original order of wine which would be approximately $9,000.00 of wine and the remaining $3,000/ to cover all the other efforts necessary to get you started. This would include marketing and sales strategies, advice with state compliance, delivery strategies, storage advice and accounting requirements, including a quickbooks setup to accommodate your sales distribution business.

If you have interest in getting into a very fun business, we can talk next week. Please respond with your interest. Email is Ron@UniqueImportedwines.Com

Ron

Oct 5, 2011
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LiveSalesStaff.com

It really depends on the business... Existing customer bases can really be attached to staff that they are used to dealing with, however if you can expand business hours, improve the level of customer experience etc... lots of times you can easily win over your customers when you make a major staff change.

If you have a business that requires customer support, using online software and staffing companies can often reduce your costs, but you need to make sure that you provide a high level of service or it can feel like a downgrade for your client base.

Good Luck with the change over ;)

Oct 4, 2011
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Freedom Business Brokers
Orange County, CA

Sue
To answer your question that depends on two factors, 1. How much experience do you have in the business you are buying. 2. To what degree you depend on the employees for carrying out the work..
Sometimes you yourself know that much about the business that you may run by yourself .If you change the staff and you replace with the new one you have to train them.
Without knowing more details about the kind of business and your experience it is difficult to answer
this question.
But as such there is no law that forces you keep the same staff except if it is a part of the purchase contract and you as a buyer signed it in the escrow to keep the same staff. Yet this is a moral and ethical issue rather than a rule of the law (thumb)
sid0653@hotmail.com

Oct 3, 2011
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The BAF Group LLC
MD

In all probability, you do not HAVE to keep the staff; the question is, if you ditch them, do you also lose the expertise they might possess, that you need to keep the place running? And, if it is a bar or restaurant, as an example, if you terminate them, do you also terminate relationships they might have had with regular patrons? You have to ask yourself, if you are buying a profitable business, how instrumental are the employees to the success that the current owner has enjoyed? Are you killing the business you have bought, precisely because it has been successful?

Sep 29, 2011

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