Having invested time, money and effort nurturing your business and making it what it is today, you’ve reached the decision that it’s time to sell.
So, what do you do now?
First and foremost, it is vital that you get the right team behind you
Preparing a business for sale can be a lengthy process but getting the right team of professionals behind you at an early stage will play an integral part in the successful sale of any business. Appointing reliable, reputable professionals to guide you though the process will ultimately ensure you achieve your aims and objectives, but also maximise the value of the deal.
Selling a business can be a daunting experience for many, which is why you need a team who offer advice in an empathetic, positive and tenacious way that is also commercially viable.
Determine your business’ worth
You understand your business inside and out, but do you understand it from an outsider’s perspective? From a buyer’s perspective?
The value of a business should reflect the motivations for selling, but should also be objective and realistic, and ultimately informed by the marketplace in which is operates. There are lots of different methods that can be used to determine the value of a business, but the right combination of professionals will ensure your business is valued accurately.
Understand the sales process
The sales process is often complex, and many aspects are intrinsically linked. Having a fundamental understanding of the various stages involved will ensure you enter the sales process with realistic expectations. Maintaining communication with your advisors is key and will undoubtedly optimise the outcome of a sale.
As an award-winning team of Corporate Finance advisors, we start by understanding your personal and commercial objectives before creating highly flexible, innovative solutions that fit your needs.
We provide a full project management service that covers all aspects of a sale, including value assessments, due diligence, strategic identification of suitable purchasers and ultimately handling the negotiation process from start to finish. If you are considering the sale of a business, or would like to get in touch, please speak to one of our experts today.
