Buying or Selling a Business
We have a dedicated and experienced Corporate Finance team that has been advising a diverse range of clients for many
years. You will find that we offer a personal approach with the emphasis on helping to make the decision that is right
for you and your business.
As one of the largest regional accountancy firms, we are able
to use our reputation and experience to negotiate on your behalf, and have access to in-house experts across all
the relevant disciplines.
We can guide you through the process and are also able to provide you with the necessary taxation advice on a personal
or corporate level.
We can assist you with the following:
- Negotiations of draft and final legal contracts.
- Preparation of business plans.
- Co-ordinating the efforts of all involved in the processes.
- Overseeing financial due diligence.
- Achieving the best possible price.
If you would like a preliminary discussion, we offer a FREE initial consultation without obligation.
Should you choose to instruct us you will find that our fees represent good value for money and compare favourably with
other firms offering a similar level of expertise and experience.
Before you embark on buying a business there are many factors that need to be considered.
What you will need to consider:
- Ensure that buying a business fits in with your long-term objectives.
- Decide on the potential sector, size and type of business.
- Consider how you will integrate and resource another business.
- Ensure that you are able to continue to run any existing business effectively, whilst you are buying.
- Most importantly – make sure that you are receiving good professional advice.
What you will need to do:
Below are some of the key things that you need to do when you are purchasing a business.
- Define your objectives and be prepared to walk away if the deal does not meet them.
- Decide on a maximum price that you are prepared to pay and agree the funding with your financiers.
- Prepare a new business plan and financial projections.
- Appoint your team of advisors early on and agree responsibilities.
- Undertake detailed research on the business selected and pitch your initial offer.
- Establish a negotiating stance and obtain exclusivity from the vendor.
- Do a detailed analysis of the accounts and financial management of the business.
- Have a clear strategy as to how you will integrate the business post acquisition.
You may have many reasons for considering the sale of a business – for example:
- You may be the owner and wish to retire.
- No obvious internal or family succession.
- The business may be a subsidiary that no longer fits in with the main business.
- An irresistible offer!
- Financial pressure or unwell.
When selling a business there are also many factors that need to be taken into account.
- Ensure that the business is ready for sale.
- Know what you want to achieve.
- Consider and identify the future potential of the business.
- Be prepared to walk away from any deal if it does not meet your objectives.
- Ensure that you continue to run your business effectively whilst still selling it.
- Most importantly make sure you are receiving good professional advice.
What you will need to do:
Below are some of the key things you need to do when selling a business.
- Consider the best time to sell.
- Appoint your team of advisors early on and agree responsibilities.
- Seek early advice regarding valuation and set a minimum exit value.
- Consider a possible sale to existing management first.
- Make an anonymous approach to potential buyers to generate interest.
- Ensure you have a confidentiality agreement prepared.
- Prepare a written document about your business to send out with bid invitations.
- Shortlist potential buyers and negotiate with them.
- Provide the data to allow a detailed analysis of your business to be made.
- Achieve the best price.
For more information please refer to our brochures page.
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