Considering Buying a Polish Business

Hi

I'm Considering buying a already well established Polish Business and will be making a visit to Poland to see how I can raise finance. I am going to talk to some banks during my visit.

So since I always get some good advice on here (or should I say words of wisdom)

What are my chances of coming back from my trip with some sort of funding organised?
or are Polish Banks not to forth coming with help

I would suggest to have most (if not all) the funds when you enter Poland; otherwise it may take you a lot of time and stress to get approved. What kind of business niche do you have in mind? Or it could be any kind of business - provided it's well-established?

Well the business I'm looking at is Electrical installations been established 40 yrs and now the current owner is selling in on and going to offer support for at least a year

so sounds like it might be tough then raising the money?

Well, without a sound business plan it might be hard to persuade banks to get you a loan (unless you want to risk and take high-percentage loan). Without 50% your own financing I wouldn't risk it. Also, most old Polish businesses aren't very modern so you may want to be sure whatever they manufacture will find a buyer in the next several years, at least.

mmm...

so might be a good idea to go and see the owner of the business during my trip least I can see if it's worth the interest

thanks

ive always had problems getting accurate valuations of a company's worth Mark... just for your information... you might have passed this stage already...

No still in the early stages Bubbawoo

so not commited yet done some searching on the net for advice in regards to purchasing a business especially as it is my first time.

thanks

Mark, I know I should not recommend myself, but if you need a help I think I can help you organise fundings. Please email me at contact@PiEC.co.uk with exact info of what are you looking for. Regards Ludwik