You have built and established a business over a number of years, experienced the highs and lows of running it, but may now have reached the point at which you are considering selling.
This is likely due to a change of circumstances, whether that is retirement, ill health, the challenging financial climate, or a simple desire for ‘la dolce vita’. Whatever the reason the questions come thick and fast:
- When is the right time to sell?
- What is the valuation of my business?
- Where are the buyers?
- How do I sell my business?
- What are the pitfalls?
- Who do I ask for advice?
Sterling Corporate Finance has decades of experience in advising vendors on such sales and deals with these types of questions on a daily basis.
We tailor the sale process to meet the individual requirements of each client but it usually encompasses the following six phases:
- Initial review
- Preparation of an Information Memorandum
- Identification and evaluation of potential buyers
- Buyer approach
- Assessing potential offers and negotiating with potential buyers to identify a preferred buyer
- Driving the transaction to a successful completion, including coordinating the efforts of all professional parties involved, notably lawyers and accountants.