There are three main routes to exit your business: Family succession, trade sale and management buyout.
To get the best price for your business, you’ll need to:
Ensure the business is in market areas that command high valuations.
Focus on how to add value, not just sales.
Make sure the value of the business isn’t tied up with you, the owner.
Support, mentor and incentivise a successor management team.
Implement good systems.
Plan the timing – when your business is well invested not up against issues.
Let go! Accept that you will no longer be in charge.
How we can help:
Plan the business strategy to drive maximum value.
Make sure your business is well-positioned in the market.
Make sure your business is correctly valued.
Consider and prepare for the buyers' needs and due diligence.
Tax plan to ensure you pay the least tax possible on exit.
Work through the transitional period to minimise work and stress.