Getting Ready For Sale
What Are The Risks To Your Business? Can You Mitigate Them?
Each business will have a different range of issues. It might be you are dependent on 1 or 2 customers and neither is tied down. This would certainly be seen as a big risk and could jeopardise the value of your company. Merely putting your company up for sale might make a customer walk or consider walking.
Maybe some of your staff are extremely key to the running of the business and are nervous about the change? Or your competitors could be launching new products? There are a whole range of issues to consider.
Contact us today to discuss your options and how we can help with the sale of your business on 0330 053 6790 or email us via the contact us form.
Will Your Information Be Stunning Or A Disappointment?
Any purchaser will look at trends in your business i.e. profitability and sales growth. It may be that your business does not show quite the right story. Do you have contracts in place? Are sales being delivered? What about your employees or suppliers? Getting an independent review will help.
We know what we are looking for in an acquisition, we know how to maximise value and in the event that there are weaknesses, we can either support you to improve or pro-actively deliver the growth you need to maximise your value.
Remember - If your business is growing at 10%, then your profit will grow. You should expect any buyer to pay on future earnings not on the average of last three historic years.
Due Diligence and Will The Contract Impact Your Return?
There are in reality probably no cases of escape for a business owner – leaving with a pot of gold but leaving some serious problems behind. The due diligence will point to areas of concern and these will inevitably be used to drive the price down. So eliminating or minimising areas for concern will eliminate the risk of a potential purchaser walking.
The legal contractual terms will cover warranties and disclosures. So it is better knowing upfront what to expect and working with professionals to resolve is the best route.
All of our team here at QR Ventures have over 30 years of experience within the business industry. Call us today for more information on 0330 053 6790.