Purchasing an existing company in 2024

Some of our clients require Healy Consultants to project manage the purchase of an already existing company.

Why purchase an existing company?

1. To conduct a regulated business in a jurisdiction where securing a license is a tedious and lengthy exercise;
2. book global sales through an aged company that looks good to customers, and suppliers;
3. take over a competitor’s business to expand operations in a new market;
4. close a deal, sign contracts and issue invoices immediately, without the need to wait for company registration.

Engagement steps

1. Our Client settles Healy Consultants fees in instalments: the initial payment will be a a retainer fee of US$4,000;
2. You sign Healy Consultants Group engagement letter;
3. Our Client supplies us the required Know Your Customer due diligence;
4. Within 1 week Healy Consultants reverts with a comparison table of company options;
5. Our Client agrees the target company with Healy Consultants;
6. Our Client settles a further retainer fee of US$3,000 with Healy Consultants Group;
7. Healy Consultants completes our due diligence of the target company;
8. We review historic audited financial statements and bank statements;
9. We complete background checks of shareholders, directors and key management;
10. We secure reference letters from lawyers and accountants;
11. We complete other detailed due diligence procedures of target company;
12. If our Client is satisfied, our Client will transfer the remaining engagement fees to Healy Consultants;
13. Healy Consultants will further negotiate and agree the final sale price with seller;
14. Healy Consultants drafts a detailed project plan outlining the remaining engagement deliverables and timelines;
15. Our Client settles 50% of the purchase price with the seller;
16. Healy Consultants Group spends the next 2 months to re-engineer the corporate structure including appointing our client’s preferred shareholders and directors and bank signatory;
17. Our Client settles the remaining 50% of sale proceeds with the seller;
18. Our Client provides Aidan Healy online feedback (click link);
19. Our Client considers putting a testimonial on our web site (click link)
20. If required Healy Consultants will provide additional services including: ongoing tax advisory, international multi-currency corporate bank account opening, merchant account, secure trade finance, assist secure additional regulatory license(s);

New Zealand FSP for sale

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