Sell
Buy
Businesses for Sale

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Firstly - is my business saleable?
Most businesses are saleable. Areas where difficulties arise are loss making companies, those in terminal decline and those where all the information is held, and work is carried out, by the owner.

Ready to sell? Get in touch for a free and highly confidential consultation where we can discuss the best way forward.

It is important for the business to continue to operate as if it was not for sale, as well as to understand that businesses do not sell overnight and many deals fall through. The more prepared your business is for sale, generally, the faster it will sell.

The type of information you will need to have to be ready for sale is as follows:

  • The reason for your sale
  • An overview of the business (often called an Information Memorandum)
  • How long your business has been trading?
  • Who owns the business?
  • What is being sold? i.e. company shares, assets; freehold or lease?
  • Details of lease (time left, rent reviews, current rent, service charges etc)
  • Number of staff, time employed, salaries and benefits
  • 3 year trading accounts/financial information covering turnover, costs, profit and loss
  • Is there any debt secured against the business?
  • Your expected selling price
  • A non disclosure agreement needs to be in place

Ready to sell? Get in touch for a free and highly confidential consultation where we can discuss the best way forward.

How To

For a highly confidential chat before the next steps, call us on 01624 678144 or email info@searchandselect.com.

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Sally at Search and Select was instrumental in introducing the business to a number of suitable interested parties. The introduction process resulted in negotiations and an agreement that fitted the circumstances of both the business and the acquiring party.
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