When someone wishes to buy a business they will be looking for -
- Security
- Return on investment (relevant to industry)
- Steady growth
- Industry familiarity
- Comfort that you are not going to start up again in competition
- Reliable employees (if appropriate)
The type of information buyers will expect when looking at your business includes -
- Financials (preferable 3 years)
- Copies of leases on premises
- List of plant and equipment unencumbered
- List of equipment that is leased if taking over
- List of plant and equipment rented
- List of plant and equipment on loan
- Copy of freehold title if selling freehold
- An understanding on any other agreements that might affect the business
- A clear understanding of what they will be buying
- Sales trends
- Employee structure
There are many other elements to selling a business.
Click here to find out how we can help you optimise your sale price.
