There are many things you should consider, if you want to achieve the best price; minimise your ongoing risk; and ensure your business will have the best opportunity to thrive once sold. As each business is different, there is no ‘one size fits all’ approach. Things to consider include:
Finally, when do you need to sell? A common theme here is that there are many things you can do to make your business more attractive (and therefore more valuable and easier to sell), but they can take time. Seek advice early to ensure you are on the right track.
At Wakefields we specialise in this area and we work with other professionals to help business owners prepare for the sale of their business and maximise their sale price. If you are thinking about selling your business, give us a call – sooner the better!