Clear unbiased advice When prospective purchasers come across a business they are interested in the last thing they want is an adviser who encourages them along for the wrong reasons. What they need is someone who takes a good clear overview of the situation and can come up with a clear strategy to ensure success. To us, we class talking someone out of buying a business a success too! We have seen too many people buy businesses and find out later that it was not what they expected. It happens and it will continue to happen. Even the mult-nationals get it wrong and they have huge resources to help them with their due diligence! Talk to us if you are considering buying a business and we will help you make the right choices. Why can’t you find a quality business? Finding a good quality business is not easy. If they are highly successful they are often approached by prospective purchasers or sold to family or friends. After all who doesn’t want a successful profitable business? Finding such a business is often painstaking. The market place is full of adverts for businesses for sale with “great potential” (which sometimes means they have failed to reach their potential and never will). We can help prospective purchasers avoid wasting their time. Buying a distressed business Given our experience in dealing with many problem businessess we have seen it time and time again where the propietors have tried to sell up before it’s too late. So what may look successful to you may look riddled with problems to us. That experience helps us identify such problems and the knowledge to help drive the right deal to reflect the businesses real worth. When it comes to buying a business in financial trouble we know all the mechanisms to get the best deal for all concerned. British Franchising Association | Gov.UK-Transfers/ Takeovers & TUPE | HMRC-taking over a business We help you plan your strategy. We help you assess targets. We help you identify and approach targets. We only act for a limited number of...
One big advantage of “preparing” a business for sale is to prevent giving any ammunition to any prospective purchaser to reduce the offer during the due diligence review. Professional firms who use our services respect us for this honesty to clients. It would be all too easy to take instructions and market the business and deal with problems later on. This is a very expensive way of doing things for the client. We take pride in giving the very best independent advice to maximise the businesses value. Why sell? Contemplating selling your business is probably one of the biggest decisions you are ever going to take. Getting it right is a delicate process. Anyone who suggests selling a business is easy or straight forward may be fooling themselves or someone else! You should therefore ensure you are committed to the idea. That does not necessarily mean you have to sell if you do not get the right deal but either way it can be a time consuming process once begun. What’s the rush? There may be numerous reasons for wanting to sell and once the decision has been made to sell there may be many reasons why you may want to rush. There will no doubt be many advisers who will encourage you to rush. They may even suggest they already have a buyer for your business. This could be a ploy to get you signed up to a long term contract. We have seen many such examples and so have most of our professional contacts. That is why we apply our “no pressure” philosophy. We want clients to be happy with the advice we give and we want them to take their time in ensuring they are happy with us. We do not encourage clients to rush into marketing their business. We have advised numerous businesses to wait and prepare for sale in order to maximise the attractiveness and value of the business. We believe timing is a vital key to a sale strategy. There are many factors to consider and every business is different. When advising in relation to a sale we assess the prospects of sale and we assess the readiness of the business. How much is it worth? Some agents may also lead you to believe that your business can be sold for far more than you ever thought possible. This is not a problem if it is true but what about all the adverse implications if it is not true? This is a common problem in the industry and it only seems to be getting worse because when someone tells a proprietor that they can get an overly inflated figure for the business then the incentive is there to...
Relationship breakdowns We are increasingly utilised to assist in divorce cases or conflict situations occurring between business partners who fall out. Given our skills in business matters we have assisted resolving many conflicts to clients satisfaction. Solicitors regularly use us to assist in providing “risk overviews” of business issues that may affect the divorce or protect the assets. It can be extremely frustrating to experience business assets disappearing or financial results change during break down in relationships. We have a good track record of assisting either side in these situations. We are often told by clients we have saved them a lot of money and that is very much our philosophy!...