Preparing a business for sale. 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?
Financial - 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 you might want to keep, 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 and health & safety - Do you possess all the licenses necessary to comply with regulations? Do your premises raise environmental concerns?
Many of the issues raised above can have a considerable impact on how a purchaser views the value of your business. We can help you identify and remedy any areas of weakness so that when you are ready to sell, you can do that for the best price possible.
How can we help you?
Want more information or want to confidentially discuss preparing your business for sale? Call us NOW on 01225 460 777 from the UK (local rate charged). Callers from outside the UK, please dial +44 (1225) 460 777.