Preparing Your Business For Sale
For a free no-obligation valuation and appraisal of your business click HERE to download a Fact Find and Preparation For Sale Checklist. Or complete the Enquiry Form to the right.
The main items required to prepare your business or company for sale are as follows: 1. Accounts. 3 years full financial statements, including the latest financial year 2. Management Accounts e.g. Sage, Quickbooks, Xero reports or similar, for the current financial year-to-date 3. A list of assets, fixtures, fittings and equipment. As up to date as possible and with full descriptions, particularly of machinery, test or calibration equipment etc. 4. Staffing details (be careful with GDPR requirements though - a brief listing of roles, hours and salaries is sufficient at this stage - specify any self-employed or subcontractors) Preparation is key to a successful business sale. Part of this process is ensuring you and your business are well-documented and operating fully within the law. Our service takes you through the various stages of preparing you and your company and to present a serious and credible selling proposition, and to keep it up to date and fresh throughout the sale process. As a basic starting point you should have good quality records of financial and commercial data applicable to your company, and maintain this up to date. This applies to accounting data - both historical Financial Statements (or Accounts) and ongoing management figures. Almost all businesses use a commercial management accounting software package such as Sage, Intuit Quickbooks, Xero or Kashflow. These are especially useful for providing prospective buyers with a current snapshot of your business's financial performance. Together with the last 3 (or even 5) year's worth of accounts these help to present the buyer with a good illustration of your company's track record. However every company has far more documented information available and a Checklist is available which will cover the requirements for most types of business for sale. As part of our service, confidentially, and free of charge we will assist you in preparing for sale and in providing a market valuation. Please get in touch via the Contact Form to the right or call 01264 891035. |
Make an Enquiry
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