---
title: "Potential Acquisitions"
url: "https://knowledge.wizehub.co/en/article/potential-acquisitions"
language: "en"
last_updated: "2026-05-14T13:17:51.740Z"
---

# Potential Acquisitions

**Potential Acquisitions** is a database used to track businesses that may be a strong strategic fit for future growth through acquisition. 

Utilise the database to record businesses in your target location and keep track on the progress of potential acquisitions. 

#### ***Add Potential Acquisitions***

Go to Acquisitions > **Potential Acquisitions**

1.  Click '+ Add'.   
      
    ![](https://cdn-assets.productfruits.com/dee8607b-4f74-409f-8893-4479c7af0c35)  
     
2.  Complete the following details:
    -   **General Information**
        -   Business name
        -   Status - *Leave it as Active.*
        -   Owners Name
        -   Age of business - *How long has the business been trading?*
        -   Email
        -   Mobile number
        -   Address
        -   Website URL
    -   **Office Information**
        -   Acquisition status - *Have you started discussions?*
        -   Physical premises - *Do they have premises or working solely online?*
        -   Number of employees - *This is an indication of how many employees may come across with the acquisition.*
        -   Vendor timeframe - *What timeframe does the vendor want to sell and/or retire?*
        -   Distance between premises - *How far is the business from your premises?*
        -   Broker involved - *Is the connection via a broker?*
        -   Interested - *Are you interested in pursuing the acquisition?*
        -   Annual revenue - *What is the business's annual turnover?*
        -   Tuckin letter sent - *Have you sent a letter notifying the owner of your interest in acquiring the business?*
    -   **Price Information**
        -   Price negotiated - *Have you agreed on an acquisition price?*
        -   Draft Heads of Agreement - *Have you sent the draft Heads of Agreement to the vendor?*
        -   Due diligence - *Have you completed the due diligence process before proceeding to further steps?*
        -   Terms retention - *Have you agreed on terms of retention to protect revenue from falling post-acquisition?* 
        -   Finalise Heads of Agreement - *Is the Heads of Agreement agreed upon and signed by both parties?*
        -   Draft contract - *Has the contract been sent for execution?*
        -   Long to Value Ratio finance approved - *Have you met the financier's Loan to Value Ratio requirements and obtained finance approval?*
        -   Deposit paid - *Have you paid the deposit to vendor's agent?*
        -   Finalised contract - *Is the contract executed and finalised?*
3.  Drag and drop any attachments.  
4.  Click 'Add' to save the business details. 

![](https://cdn-assets.productfruits.com/583f68e8-eb21-455e-af04-7c2f61344ff6)

#### ***Edit Potential Acquisitions***

To edit a potential acquisition, click on the edit icon next to the business. When you are finished with the changes, click 'Update'.   
  
![](https://cdn-assets.productfruits.com/510fb8c8-b7d2-4110-8795-4036eec2fdd7)  
  
![](https://cdn-assets.productfruits.com/43bd4076-c4fc-4f51-a7b3-3bb861b9fc78)

#### ***Delete Potential Acquisitions***

To delete a potential acquisition, click on the bin icon next to the business name. 

![](https://cdn-assets.productfruits.com/297f613d-7d2d-4f89-beac-4328c2d9d919)

![](https://cdn-assets.productfruits.com/67417047-3b67-45a0-8da0-0b71231f8d5a)

#### ***Archive Potential Acquisitions***

To archive a potential acquisitions, click on the edit icon next to the business. 

![](https://cdn-assets.productfruits.com/c0ad39c4-88ac-4a42-9bd8-4c1330184c3a)

Change the status to 'Archived' and click on "Update".  
  
![](https://cdn-assets.productfruits.com/22c4abc4-95eb-497b-8150-fb0ab327f3c4)  
  
Select 'Archived' in the "Status" filter to view archived businesses.   
  
![](https://cdn-assets.productfruits.com/c48ecc9b-1201-4337-9f2b-5d31d7276911)

#### ***Acquisition Resources***

When you are ready to start the acquisition process, access downloadable resources to assist you in your acquisition journey. 

Go to Acquisitions > **Resources** 

Download and update documents with your business branding. 

![](https://cdn-assets.productfruits.com/bb8a3a50-aa05-4e7c-b763-1835fed9aa25)

#### ***Merge Meeting***

During the acquisition process, keep track of the entire acquisition journey with a regular merge meeting. Refer to [Meetings](https://knowledge.wizehub.co/en/article/meetings) to create and import a merge meeting template.

**Other resources -** [Import a meeting templates](https://knowledge.wizehub.co/en/article/meetings-import-a-meeting-template)