Prepare a Business for Sale

Ideally, you should start preparing your business for sale a number of years in advance. If this is not possible and you want a sale sooner than later, there are some short term measures which you can implement to help improve chances of a sale / selling price:
  • Reduce borrowings as much as possible / in full.
  • Ensure your tax returns are up-to-date.
  • Ensure you have all your paperwork in order: Employment Contracts, Safety Statements, GDPR oblications etc.
  • In some situations, having written contracts with customers / suppliers may strenghten the offering.
  • If there are a number of different strands / locations to your business you may wish to separate out into separate legal entities or have dedicated management accounts for each strand / location.
  • You may want to decide now how best to structure your business / the sale to be the most tax effective. A qualified tax advisor should be employed to carry out this work.

There are numerous other items you may need to consider / implement particular to your business.

Go For Brokers are happy to guide you through this process and introduce you to the right partners.

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