Selling a business can be a huge undertaking and it is important you achieve the right price for your sale.
Your financial records
Your financial records will be key in securing your business sale. It is important to keep this information filed whether online or offline as t wil be used to value and verify your business. Interested buyers will want to know the business profits across the past 2-3 years and also look at predicting gains for the next 5 years.
Valuing your business
A professional valuation will provide a realistic view of how much you can expect to sell your business for and the eventual profit you will receive from the sale. We can work with you to provide a figure for ou based on your turnover and assets.
The key role of an Accountant in your sale is to look at the tax implications, this advice can prove invaluable as there are many factors to consider - from Capital Gains Tax Liabilities to the difference between an asset sale & a share sale and how the different tax liabilities can affect your eventual profit.
We have sold a number of businesses on behalf of our clients, if you are considering selling your business, we are here to help. We work in complete confidence, your business transfer will be handled professionally with the utmost discretion.