Any planned exit from your business must factor in both your personal and business circumstances to ensure a successful and fruitful exit. Before proceeding with your sale, we will help you consider the options most suitable for you. This will start by looking at the possible succession candidates which may include:
• A family member
• A third party buyer
The sale of a business can be a complex and difficult process. At an early stage you will need to decide, what are your exit ambitions and priorities? You may be driven by the best price, ease of transaction, buyer’s intentions for the staff and business or just the speed of a quick sale.
The sale of a business can be a major life event. Regardless of the reason for sale or how soon you wish to exit, the process should never be underestimated and you must always allow appropriate time to plan, prepare and market your business on a confidential basis.
Preparation keeps you in control, the more control you have the better your eventual deal. With the right support you have little to lose and much to gain. You will only sell your business once, so do it right. If your intention is to achieve maximum value from the sale of your business, this is normally best achieved through a sale to a third party buyer.
“You will only sell your business once, so do it right”