Buying a store is three transactions happening at once, and they fail in different ways.
There is a business transaction, where the price rests on earnings you have to verify. There is a lease transaction, where the landlord has to consent to assignment and may reprice the term while doing it. And there is a carrier transaction, where the dealer agreement has to transfer or be re-granted, and will not always be.
Connex runs all three on one timeline. The valuation, the diligence, the lease assignment, and the carrier consent are held together, because a deal that clears two of the three is not a deal.
Capabilities
What the division does.
Listing access
Locations currently for sale, with the operating detail released under NDA rather than advertised.
Valuation
Earnings-based valuation with the adjustments stated, so you can see what was normalised and why.
Financial diligence
Revenue verification, margin analysis, commission reconciliation, and a review of what the seller has capitalised.
Lease review and assignment
Term, rent, escalation, and assignment provisions reviewed, and landlord consent negotiated as part of the deal.
Carrier consent
Dealer agreement transfer or re-grant managed with the carrier alongside the commercial negotiation.
Transfer and transition
Inventory verification, staff retention, systems handover, and a transition plan with the seller through the first period.
Process
Five stages, each with an output you can see.
Brief and NDA
Your criteria — market, size, format, budget — captured, and the NDA in place before operating detail is released.
Shortlist and valuation
Matching locations shortlisted and valued, with the adjustments and assumptions written down.
Diligence
Revenue, margin, commission, lease, inventory, and staffing verified against the seller's presentation.
Offer and terms
Structure, price, deposit, and conditions agreed, with lease and carrier consent written in as conditions rather than assumed.
Transfer and transition
Completion, inventory count, systems handover, and a defined transition period with the outgoing operator.
Deal discipline
Lease consent and carrier consent are conditions, not assumptions.
Both are written into the offer as conditions to completion. A buyer who completes before the landlord consents to assignment, or before the carrier confirms the dealer agreement, has bought a fit-out and a stock list. We do not structure deals that way and we tell sellers the same thing.
Commercial terms
Published, not withheld.
| Term | Standard position | Notes |
|---|---|---|
| Listing access | NDA required | Headline detail is public; operating figures are not. |
| Valuation basis | Earnings based, adjustments stated | Method shared with both sides; we do not run two sets of numbers. |
| Diligence period | Defined in the offer | Extended only by written agreement, not by drift. |
| Lease assignment | Condition to completion | Landlord consent negotiated as part of the deal, not after. |
| Carrier consent | Condition to completion | Transfer or re-grant confirmed before funds move. |
| Fees | Quoted before engagement | Stated to both sides; no undisclosed dual representation. |
FAQ
Questions buyers actually ask.
Because a public revenue figure tells a seller's competitors and staff more than it tells you. Headline detail is open; operating figures come after the NDA.
Earnings based, with the adjustments listed. If the seller has normalised owner salary or capitalised something unusual, you see it rather than infer it.
Then the deal does not complete and your deposit returns under the condition. That is exactly why it is written in as a condition.
Usually, and retention is worth negotiating into the deal. Staff who know the location and the carrier systems are part of what you are buying.
Whichever side has engaged us, and it is stated to both. We do not take an undisclosed fee from the other side.
Works with
Acquisition clients typically also use:
Business Acquisition Advisory
Buy-side support where the target is a portfolio rather than a single location.
Explore →Retail Consulting
Instrument the location in the first quarter, before habits set.
Explore →Electronics Procurement
Reset supply terms once the business is yours rather than inheriting the seller's.
Explore →Looking to buy, or ready to sell?
Buyers get the shortlist and the valuation basis. Sellers get a valuation and a route to a qualified buyer.