Having a solid strategy to make sure you are fully prepared to sell your business will be essential in order to get the best value it deserves when the negotiations with the buyer are concluded.
Our corporate team can help guide you through the sale process which will often cover the following points:
- Due diligence – how viable is the opportunity for a potential buyer? Contracts with customers, suppliers and distributors will need to be carefully reviewed together with the condition and value of both the tangible and intangible assets of the business.
- Finances – how healthy is the business financially? Tax will be an important consideration when selling a business and we work closely with a number of tax specialists that will be on hand to advise you.
- Valuation – the value of the business will be variable and contingent on a number of factors. For example, can the company still grow without key individuals involved, such as the founders and management board? Are there reliable processes and systems in place? Are the profit margins healthy?
- Completing the acquisition – how will you negotiate with the buyers, their lawyers and your financial advisers? Having the most appropriate representations and warranties in the agreement that governs the acquisition will be essential in order to fairly balance your risk with the buyer and these clauses are often fiercely debated.
Our corporate team are well versed in helping a business succeed with its acquisition. Unlike a traditional law firm, we don't charge by the hour and we won't charge for each phone call or email. Instead, all of our fees are fixed and agreed with you upfront.