The Complete Guide to Buying a Cafe
Practical Advice to Get it Right

What does 'The Trial' mean?

Find out what The Trial means. The Trial is explained by Craig Reid - author of The Complete Guide to Buying a Cafe

The Trial

The trial period occurs after you have agreed to buy the business and have paid a deposit. In this period you are not actively involved with running the business. You should be present for at least a full week, attending in the same hours as the owner to observe the business and sign off on the takings at the end of the day. The aim of the trial period is to ensure that the takings for that week are equal to or greater than the $ amount agreed with you (usually this is the weekly turnover specified in the business summary).

Search result for 'The Trial' in The Complete Guide to Buying a Cafe

"...The Trial period is a set period, e.g. 1 week that gives you an opportunity to view the business on a daily basis and to confirm the turnover as specified in the business summary. The Trial period takes place after you have agreed a price to buy the business, but before ..."
230.
"... Projections based on a weekly turnover of $7,700 In this section the turnover will be stated. This will be the figure that the café will have to achieve in The Trial period if the sale is to progress. We’ll talk about The Trial period later. Be thorough with your analysis when dealing with ..."

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Chapter 8: Meeting The Owner
69.
"... What effect does seasonality have on the business – summer versus winter This will help you to get a feel for when turnover is at its highest. Compare this to when the café is being sold – are they selling it at the highest revenue period to make it easier to get through The Trial period? ..."

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0.
"... solicitor that the settlement has taken place. You will then be the proud owner of a café and a great new adventure is just beginning… - The Trial - As we mentioned earlier the trial period occurs after you have agreed to buy the business and have paid a deposit. In this period you are ..."
"...The Trialtioned earlier The Trial period occurs after you have agreed to buy the business and have paid a deposit. In this period you are not actively involved with running the business. You should be present for at least a full week, attending in the same hours as the owner ..."
3.
"... the $ amount agreed with you (usually this is the weekly turnover specified in the business summary). When watching the business during The Trial period, try to look out for the following: • Family or friends of the owners coming to the café that week to bolster the turnover • The ..."
8.
"... them using his own money It’s difficult to be watching what goes into the till at all times so prior to The Trial period ask your solicitor to add to the contract the requirement for transactional level “Z Reads” to be provided as well as hourly “Z Reads”. Note: A “Z Read” is a ..."
12.
"... “cashing up”. The one good thing that The Trial period will give you is an opportunity to observe the goings on within the business. Think of yourself as a mystery diner, but on behalf of the other customers in the café. You should take careful note of the following: - Trial ..."
52.
"... running the business. - Training - During The Trial period, learn as much as you can about the business from the owner. Try to get the owner to commit to a structured training plan where you learn about all facets of the business. For example: - 1 day as kitchen hand - 2 days as ..."

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The Trial
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