Are you prepared for a sale?
Preparing your business for sale (sale grooming) is a practice commonly overlooked by many business owners. Yet, simple things can add significant value or save you money during the legal stages as well as ensuring a smoother sale process.
If you are considering selling, either now or in the future, we offer you a strategic business sales appraisal, covering aspects of your business including, but not restricted to, the following:
- Market appraisal - Your position in your marketplace.
- Marketing - Can you improve the way you sell and present yourself?
- Tidying up - Is your business tidy and well run?
- HR - Do you have adequate staff or management in place?
- Customers & suppliers - Are you over-reliant on a key customer or supplier? Are customers taking too long to pay you? Are there close relationships between either of these and the owner?
- Profit - Are you as profitable as you could be?
- Financials - Debtor days, cash flow, balance sheet, stocks, property and loans. Is all in order?
- Taxation - Have you had specific divestment Tax advice, both for the company and personally?
- Ownership of assets - Do you have the right licenses for your software or other IP and assets? Have loan arrangements been reviewed?
- Private assets - Have you removed assets such as cars? Will outstanding loans within the company be settled?
- Contracts - Are all your employment, trading and agency agreements in place? Are they transferable?
- Litigation - Have all outstanding legal matters, either for or against the company, been settled?
- Environmental & health & safety - Do you possess all the licenses necessary to comply with regulations? Do your premises raise environmental concerns?
