The market for successful small businesses has never been better. There is massive demand from larger businesses to add to their portfolios. Some of this driven by markets looking for good returns for their money or just plain common sense as surplus cash effectively earns nothing.

I think many owners would be surprised by how valuable their business is and now would seem like a good time to test the market.

Taxation of disposals is reasonably light but reforms to capital gains tax may make gains taxable at income tax rates.

I always liken selling a business to selling a house, you want to show the business off in the best possible light, so fix those annoying problems that you have been ignoring for years.

Key points to consider are:

  • Are your supplier and customer contracts up to date
  • Does your website showcase your business
  • Do you have up to date figures and forecasts
  • Do you understand your market
  • Are you ready for the due diligence process

This last item is key. You will be asked for vast amounts of information ranging form financial and commercial to legal.

As a firm, transaction support is one of our key areas of business. We can help you prepare, help you showcase the business and help manage the process.

We have extensive experience in valuing businesses and evaluating offers.

Needless to say we are great at helping you acquire businesses too…..