Are you prepared for a business sale?

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Preparing your business for sale - or sale grooming - is a practise commonly overlooked by many business owners. Yet, simple things can add significant value or save you money during the legal stages as well as ensuring a smoother sale process.

You will probably only ever sell your business once. You want to get the best value. If you are considering selling, either now or in the future, Donald U house & Partners Ltd. offers strategic business sales advice making sure that your business is in the best shape possible.

We can offer a full business valuation and report which covers all aspects of your business including, but not restricted to, the following:

1. Market appraisal - Your position in your marketplace.

2. Marketing - Can you improve the way you sell and present yourself? Tidying up - Does you business look and feel tidy and well run?

3. HR - Do you have adequate staff or management in place?

4. Rationalisation - Are there non-core elements of your business or assets which could be separated from the business?

5. Customers & suppliers - Are you over-reliant on a key customer or supplier?

6. Are customers taking to long to pay you?

7. Are there close relationships between either of these and the owner?

8. Profit - Are you as profitable as you could be?

9. Financials - Debtor days, cash flow, balance sheet, stocks, property and loans?

10. Information - Can basic information to help a buyer understand your business be quickly and accurately provided?

11. Taxation - Do you use a qualified Accountant?

12. Have you used all your capital allowances?

13. Have you had specific divestment Capital Gains Tax advice, both for the company and personally?

14. Ownership of assets - Do you have the right licenses for your software and proof of ownership of other assets?

15. Have loans arrangements been reviewed?

16. Private assets - Have you removed assets such as cars and personal guarentees from the company?

17. Will outstanding loans within the company be settled?

18. Contracts - Are all your employment, trading and agency agreements in place?

19. Are they transferable?

20. Litigation - Have all outstanding legal matters, either for or against the company, been settled?

21. Environmental & Health & Safety - Do you possess all the licenses necessary to comply with regulations? Do your premises raise environmental concerns?

22. Do you had a Health and Safety Assessment, COSHH Assessment and a Written Policy to cover risk areas?

Many of the issues raised above can have a considerable impact on how a purchaser views the value of your business. We can help you identify and remedy any areas of weakness so that when you are ready to sell, you can do that for the best possible price.