No doubt you want to get the best price possible for it .. “Yes?”
Well then, it’s important to PLAN your exit from the business. There are so many considerations that will need to be taken into account before putting your business on the market.
Firstly, it’s vital to consider how dependant the business is on you, the principal. This factor also applies to any existing key personnel. Reducing the business’s dependence on you is essential. As for any key personnel, if it is their intention to stay with the business following its sale, they should have an appropriate contract of employment in place.
We can help you with implementing the strategies necessary for a top sale result but we also suggest that you get advice from a professional Business Sales expert such as Emily Troon at Dalewood Business Sales. In fact, they offer some very relevant advice in their recent Blog article – “Are You Sales Ready?”
Receiving the right advice in advance of listing your business for sale will be dependant on a number of professionals – accounting, legal, systems and procedures specialists, marketing and wealth protection.
All of these trusted advisers are in our business directly or our network. To find out more on selling your business for maximum profit, please feel welcome to contact our Principal, Phil Manhire, direct on 0452 1444 76 or by email at firstname.lastname@example.org.