Your business may well present the largest single sale you will ever make. But it is a highly complex entity and you’ll be selling it into a totally unknown marketplace. Getting it wrong is simply not an option.
Make no mistake; the sale of your business can be a huge risk. Look at almost every business sale and you’ll find that there is a long story of negotiations, hitches in the sale process and unforeseen challenges. Rarely does a sale run smoothly.
For many business owners, this risk is too great to take on themselves and they choose to enlist help from a business sale specialist. These specialists are experienced in selling businesses, avoiding the pitfalls and obtaining the best possible sale price.
If you choose to do the same, what should you expect from your business sale specialist?
Experience taking businesses to market and successfully selling them is absolutely vital. Your business sale specialist should be able to demonstrate multiple examples of doing so.
The business sale marketplace, like any other marketplace, changes regularly and your specialist should know which types of companies are in demand and what level of sale values are being achieved for companies like yours. This will help give you a realistic understanding of the likely prices and terms of offers.
Your specialist will be managing the business sale for you and representing your business. They should be professional at all times, providing clear direction, advice and management of the sale process.
Selling your business involves the same marketing processes as you use for your own products and services. All the positive aspects and elements of your business will need to be communicated to potential buyers. Your business will require some or all of the following: an emailer, a letter, a telephone call script, an advertisement and a Non-Disclosure Agreement. With your input, your specialist should be able to create all these for your sale.
This is one of the most important aspects of your sale and getting this right will pay dividends at the end of the process. Specialists achieve this in a number of ways including:
Negotiating a business sale successfully requires great skill. Your specialist should manage this for you, advising not only on how and when to impart important information but also advising on receiving and improving offers.
Once the terms and sale price have been agreed, due diligence and legal procedures are undertaken. This can be a lengthy process and minor issues can often slow things further. Your specialist should manage this carefully with you to ensure that this final stage progresses smoothly.
Although the final completion of the sale is often undertaken by both parties’ legal teams your specialist should be on hand to ensure this final step is also not held up by any minor issues.
“Selling a business can be difficult and fraught with challenges. Without specialist help, there is a high risk that your business will be unsold and you will not receive the true value for many years of hard work and dedication.
“Think carefully before undertaking it yourself as the potential perceived ‘savings’ may be offset by the time you invest in the process as well as a lower sale price.”
Our focus on technology and modern communications sets us apart.
Borders and languages aren't boundaries for the way we operate.
Our methods are successful whether helping a company sell within a small region, cross-border, or even cross-continent.
Our two offices are strategically situated in the UK and Australia giving us global coverage and at least one office open at any time of the day or night anywhere in the world.