Tips please!!

Hi
I have just recently started my bookkeeping business and I am going to meet a client who is looking to go into a pub business, the client has asked me to scrutinise the last 2 years accounts and advise them if I think the business is viable.
Can anyone give me any tips on what to look out for or the best way of doing this please, would you normally give the client a report on your findings? Could anyone also advise on what they think would be an acceptable fee for this?
Thanks!! :001_smile:
I have just recently started my bookkeeping business and I am going to meet a client who is looking to go into a pub business, the client has asked me to scrutinise the last 2 years accounts and advise them if I think the business is viable.
Can anyone give me any tips on what to look out for or the best way of doing this please, would you normally give the client a report on your findings? Could anyone also advise on what they think would be an acceptable fee for this?
Thanks!! :001_smile:
Comments
Sorry not to have been much help to you!
Maybe someone on here who does this kind of work can better advise.
One comment though. Even without looking at the accounts, I would not expect the last two years trading for any pub to be a good indicator for investmenent into the industry, particularly in the current climate.
Poodle
Pubs are always top of the VAT/Tax man's hit list - along with other "cash" businesses.
Claudia
I went to see the client and am glad I did, it turned out they just wanted a bit of advice on what things actually meant in the P&L and Balance Sheet and to understand them better. I gave them a few things to think about without actually saying whether I thought the business was a good investment or not. They were really pleased with the meeting and have said they will be back in touch with me as soon as they decide upon a business investment. :thumbup: