Your 62-year old Uncle Xavier has retired as Financial Controller of a public listed restaurant chain. He wants a better work/life balance and is considering buying a franchise or buy an existing or set a new independent business. He likes the fast-food industry and wants to operate a gourmet pizza shop.
Uncle Xavier is unsure which option suits him best. As Uncle Xavier knows you have excelled at in this course, he has asked you to explain what Due Diligence investigation he should do to make a sound decision.
You are required to prepare a script of 1000 words explaining the specific steps Uncle Xavier should undertake in his Due Diligence. The presentation must give practical and specific advice for Uncle Xavier as to what to investigate with each business option. You are free to make up other information about your uncle and the business to assist your advice ie. net worth, risk appetite, location, set-up costs etc.
Key points to talk about-
What is due diligence?
Who should and shouldn’t undertake due diligence?
What are key factors to consider with due diligence?
What are the specific steps to undertake in Uncles due diligence?