Avoid costly mistakes. Let us show you the right way to achieve the best possible result in the shortest possible time Selling a business can be a very intimidating, complex, frustrating and time-consuming process. There are legal, tax, accounting, and regulatory issues to address.
Owner managers should not be distracted from the day to day operations whilst the business is on the market. Don't fall into the trap of losing interest in the business once you have decided to sell. Selling a business is a marketing exercise. It requires time to plan and prepare the sale. Warning! Do not go to the market with half-baked documentation.
The following items need addressing before taking the business to the market:-
Is it the right time to sell?
What is the reason for selling?
What is the true value of the business?
How do I set a selling price? Is it realistic?
How much information should I disclose to the potential buyers?
Do I need help to identify the buyers? How do I reach them?
What am I selling? e.g. Freehold, equipment, chattels, IP?
How do I present my financials to prospective buyers?
What are the statutory requirements? Do I need to prepare a Vendor's Statement as required by law?
Can I assign my lease? Has the owner agreed?
When do I inform the staff, suppliers and customers?
OPEX will write the Information Memorandum and prepare all required documentation for the vendor. Please do not hesitate to contact us for more information.
Should you have any further questions please click here to email us.
Avoid costly mistakes. Let us show you the right way to achieve the best possible result in the shortest possible time Selling a business can be a very intimidating, complex, frustrating and time-consuming process. There are legal, tax, accounting, and regulatory issues to address.
