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Taking Over a Business S /IOULD you be proposing to buy
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a haulage business, you must be able truthfully to answer the following questions in the affirmative :—
(1) Has the vendor a business as a carrier?
(2) Are his customers ready and willing to transfer their work to me?
(3) If the business to be purchased be run under an A licence, is it necessary for the work to be continued under such a licence?
(4) Is it reasonably necessary for me to use the vendor's vehicles in addition to my own?
Statistics will have to be supplied to the Licensing Authority in order to satisfy him on questions 1 and 4. A schedule should be prepared showing tonnages carried, say, per quarter, for the past three years, and income during
c48
those periods. Details of the classes of goods carried, the working conditions under which they are handled and of the places or districts served should be sufficient proof under the third heading. Information concerning your own activities, supported by figures for tonnages carried and receipts, will be necessary to enable the Licensing Authority to decide question 4. If your vehicles have not been fully employed, you are not likely to be authorized to use the full fleet strength of the business to be acquired.
You need not show that all the customers of the business which you are taking over are ready and willing to employ your services, but only a reasonable number. In the case of the purchase of a specialized undertaking, such as one concerned with cattle haulage or furniture removal, your experience of that class of work will be an important factor.
If you have no practical knowledge of it, the clientele of the business to be acquired might feel inclined to employ some other experienced person. In that case, you will be well advised to take especially active steps to secure firm promises of patronage before making an application for a licence.
Moreover, if you propose to change the base of he concern to be taken over, the chances of the continuance ol its goodwill will he detrimentally affected and your case will suffer.
If, on taking over a busipess, application be made (under Section 11 [3] El] 1 of the 1933 Act) for a licence to expire not later than the vendor's licence, The application need not be published and there is no statutory right of objection. An application for the variation of the purchaser's licence by adding the vendor's vehicles does not fall within Section 11. (3) (b).