Deciding when to sell a business, and how to sell it, can be one of the most difficult decisions a business owner faces.
Detailed preparation is of paramount importance in order to achieve a successful family and owner managed business sale. The time a sale will take will depend on a number of factors such as the size of the company, the sector the business is in and the market demand at the time of sale.
There are a number of stages to consider as part of the transaction, including:
- Preparing the business for a sale
- Tax planning
- Valuing the business
- Identifying potential buyers
- Negotiating price
- Performing due diligence
- Closing the transaction
This is just a brief overview of some of the stages that form the transactional process, but gives an indication of the complex process of selling a business and the careful planning that’s needed.
How we can help
A proactive approach and seeking professional advice early on in the process of selling a business will ensure a smoother transaction and the company’s maximum value being realised.
If you would like to discuss your options, get in touch with our Corporate Finance team on 01788 53900 or 0116 261 0061.
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