THINKING OF SELLING YOUR BUSINESS?
NO SALE NO FEE
Unlike most brokers I work on a no sale no fee basis. Unless I find you a buyer at an acceptable price, you won't pay a penny.
THE PROCESS
The process usually works like this:STEP ONE
Following an initial discussion usually over the telephone, I will give you an idea of how much your business is worth and discuss alternative options to an outright sale with you.
STEP TWO
I will tell you what documentation you need to provide in order to confirm this valuation and
prepare the business for sale.
STEP THREE
I will compile a list of every possible buyer for your business. I keep a list of National, Regional and Local buyers in all parts of the country and I am usually able to find a buyer without advertising.
STEP FOUR
We agree on a shortlist of the 3 best businesses to approach. By approaching 3 potential buyers
I can ensure that I get you the best price. However, the three buyers know that they have a good chance of buying the business so they take the opportunity seriously.
I will approach the shortlisted businesses and ask them to sign a non-disclosure agreement. They
will sign this before I disclose the name of the business that is being sold.
STEP FIVE
I will submit a package of financial and other information and answer their questions. Once they are satisfied I will ask each of them to make an indicative offer in writing.
STEP SIX
We play one offer against the others to ensure that you get the best price for your businesses and the best ancillary terms.
STEP SEVEN
The buyers will visit you to conduct due diligence i.e. to check that everything you have told them is true. This can be done out of hours to avoid the staff finding out that the business is being sold.
STEP EIGHT
Both sides instruct solicitors.
STEP NINE
Contracts are exchanged and a deposit paid.
STEP TEN
The balance of the money is paid and completion takes place. (Although some of my clients prefer a simultaneous exchange and completion.)
HOW LONG DOES IT TAKE?
A straightforward sale usually takes 4-6 months from offer to completion. However, some of my
sales have completed within a few days.
WHY USE ME?
I have unrivalled knowledge and contacts and I can often identify potential buyers who are not
openly looking. My extensive database also means that I can usually find a buyer without the risk
of publicly advertising that the business is for sale. In short I will get you the best price for your
business in the shortest time and I will handle the whole side with complete discretion.
You only get one chance to sell your Estate Agency or Lettings business so make sure you do it
properly. Call me now on 07785277262 for an initial discussion without obligation.
