Considering selling your business?
You only sell the business once so you want to make sure you optimise its sale value. But, although price is probably the most important consideration, there are others:
- What happens to my staff – are their jobs safe?
- How will my clients be handled, by whom and from what location?
- What impact will these factors have on client retention (and therefore potentially the ultimate value paid for the business)?
Back to the price. Consider that different potential purchasers will value your business differently, depending on its value to them. The price they’re willing to pay may be influenced by their own rates of commission with insurers compared to yours and how they plan to absorb your business into theirs. Do you know which acquirer is best suited to your business and would give you the best value.
You’ll also want to make sure that you have prepared the business for a potential sale in order to optimise its value. What do you need to consider? What actions do you need to take, and over what time scale?
Having purchased a number of businesses in recent years, I’ve seen the sale process from the buyers point of view so am uniquely suited to helping you with your sale.
Confidentiality will be paramount for you and discretion is assured. Please call in confidence on 07711 205086 or use the contact tab to email.
