How to buy a business Help & advice for buyers Businesses for sale Arranging to visit a business Found a business elsewhere& want valuation advice?
Help & advice for vendors Buyers waiting Marketing activities Want to sell your business? Is your business fit for sale?
Help & Advice for Vendors
Having problems viewing the video? Please upgrade to the latest version of Flash.
To read or print a transcript of this video please click here (PDF 93Kb).
Help & Advice for Vendors
Selling a business is not a standardised process – but there are a number of useful guidelines.
Timing is important – start planning well in advance. Talk to your accountant, solicitor and an agent. Make any changes to the business and its assets which will enhance the saleability and value – but do not do anything which will make it more difficult to sell. Arrange with your accountant to have the accounts produced, in the right format for a sale, very quickly after your financial year end and put the business on the market while it is freshly prepared for a sale – not unlike getting your car serviced and valeted before selling it!
One of the most important questions is – “How much am I likely to get for the business?” No one can tell you for certain but getting the right advice may be critical. If you use the right valuer, that advice might be “Don’t try to sell now” or “Don’t try to sell as a going concern”. We will always tell you the truth as we see it and give you the appropriate advice. We will recommend a pricing and marketing policy to achieve a sale on the best terms.
We will agree with you the degree of confidentiality required.
We are very active in our marketing and will continue to promote your business until it sells. Despite this, we do NOT ask for a marketing budget from you.
We will regularly communicate with you to advise what is happening and to discuss with you the way forward.
We will negotiate with imagination to achieve a successful sale. We do not merely pass on offers.
When a sale is agreed we will monitor progress so that we can act quickly if a problem should arise. A sale has not been achieved until it has been completed.
Complimentary Booklet
We provide all vendor clients with a booklet offering valuable tips to help them improve the chances of selling their business.
What Next?
Give us a call on +44 (0)1392 253071 and speak to one of the directors, Roger Mundy or in respect of businesses in the Midlands, Ian Mackenzie on +44 (0)1788 899000. The conversation will be totally confidential. Hopefully it will be the first step to achieving your goal of a successful sale of your business.