Whether it’s a small coffee shop or a large manufacturing company, selling a business can be a very daunting task. With its long and detailed process, you need to take a lot of things into consideration. It’s definitely a complex venture that you should avoid doing on your own –
During the course of the sales process, your broker will need some vital and important information about your business in order to present it to prospective buyers. These documents are essential for the broker to prepare an information memorandum and a business summary, both of which are used to market
We manage the buyers from enquiry through to the settlement and everything in between (see our timeline checklist and tips) It is often asked by sellers of businesses how long roughly does it take to sell a business? Well there is a general statistic within our industry that suggests between
We prepare a marketing strategy which can be essential to managing confidentiality and also make a huge difference to achieving the highest price and a quicker sale. (see our options and strategy checklist) Every business is different and whilst some are okay to be known to be for sale others
We prepare a detailed and well-presented information memorandum which is a great selling tool (see our building the perfect IM tips) Does the perfect information memorandum (IM) exist? Probably not. We like to think the IM provides a really good general brief about various components of the business yet isn’t
You must have ready and up to date all documentation that will be required – not just for the buyer, but also for their accountant, financier and solicitor ( Essential documents to keep up to date) Ensure where possible you have accountant prepared financial statements ideally for 3-5 years. These
We can help you understand what your business is worth and why, what is happening in the market and what can be done to maximise your sale price (2 see our maximising your sale price) Maximising your sale price is a huge process and undertaking this as a goal ideally
