After what may have been many years of hard work building a business, it is highly likely that you will want to sell your business. A key issue for many business owners is how to extract the value from their business - possibly to fund a more comfortable retirement or to move onto the next stage in their lives.
In our experience there are four key areas to successful exit planning and we have experts on hand to provide advice on all of them.
Grooming the business for sale
To achieve the best sale price the business needs to be in as good shape as possible. This may take a lengthy period of time, therefore, planning is essential.
We will work with you and your accountant to ensure that your business looks as good as it possibly can do to a prospective purchaser.
Tax Planning
We will work with you to ensure that your exit is as tax efficient as possible; the better this can be done the more money you will have for retirement or for the next project.
This is a vital part of the process; if it is done incorrectly you could be facing a reduction in the sale price.
Valuing the business
This area needs specialist knowledge from experts in your particular field. As you would expect, we have access to such experts who can provide you with a realistic valuation of your business.
Succession Planning
We will discuss your options with you when it comes to finally exiting your business, focusing on which is the most appropriate route for you. This may be an MBO (Management Buy Out), a trade sale, a sale to a competitor or indeed winding up the business.
Working with your accountant and solicitors we will help to make this stage of your business life as smooth and as lucrative to you as possible. This allows you - the business owner - to consider your future, safe in the knowledge that your advisers are working hard on your behalf.
