Thinking of selling your business?
Posted on 20th June 2023 at 14:40
We’ve seen an increase in people thinking of selling their business this year. A lot of people are coming to the conclusion that it’s time to retire and enjoy the money that their business has made them, and who would blame them?
Selling your business is one of the biggest decisions you can make, and most people will only sell one business in their lifetime so it’s important to ensure you have someone you trust advising you.
What can we do to help you?
Having helped a number of clients sell their businesses over the years, we understand how the process works and can support you from valuing your business right through to the eventual sale. We can ensure that you get the maximum value for your business and that you don’t make any costly mistakes during the process. Here’s what that looks like:
Helping you understand what you are selling, eg assets or shares
Working through due diligence requests and providing financial information to interested parties
Siting in on calls with you, the selling agents and interested parties to help answer any queries you might not be confident answering on your own
Helping you evaluate offers and what they mean for you. A £1 million offer will not mean you take home £1m cash!
Reading the sale and purchase agreement and explaining this to you in plain English so you know what you are signing
Explaining the final numbers to you, and how it gets from the sales price to what you actually receive
Calculating the tax that you will need to pay so you can set aside funds to HMRC before you start spending the money
You can find out more about selling your business with us on our Selling Your Business page.
If you are thinking about selling your business, contact us first for a chat about what you want and where to start. You can also ask us to value your business if you want to understand what it might be worth when selling even if you’re not ready to sell yet.
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