What does +SAV, WIWO, POA, Going Concern mean?
These terms are usually seen in the pricing of a business.
+SAV means ‘plus stock at value’. There are additional costs involved to purchase the stock. This is common in business sales, such as supermarkets. Usually, a stocktake is conducted close to settlement to confirm the price. Initially, the seller will usually provide an estimate.
WIWO means ‘walk in, walk out’. Basically, on the day of settlement, the current owner walks out, and the new one walks in with everything ‘as is’. There is no stocktake performed. This is common in businesses such as Cafes.
POA means ‘price on application’. You will need to contact the seller to find out the price. In Australia, prices do not need to be supplied on business sale listings.
Going concern is a sale that includes everything necessary for the continued operation of the business. The seller will carry out the business operations until the day of settlement.
Tags: businessesforsale
