How do you sell your business?

 

Selling a business can be extremely complicated,especially if it is a share sale,so it is always advisable to use a business broker.

 

There are pros and cons on both selling a business as a share sale or an asset sale. We can advise you on the pros and cons of both methods.

 

If the company is a limited company,you need to decide on whether you want to sell the shares or to just sell the assets.

 

Even then,you need to ensure that if you are just going to sell the assets,it is done in such as way as the company is deemed to be seen to be the transfer of a going concern i.e. what is known as a TOGC as there are potential tax implications if a business is sold as an asset sale. There may also be Capital Gains Tax to be paid.

 

If you own the premises the business operates from,it may make sense for you to dispose of the premises at the same time as you sell the business for tax purposes. We can advise you on this.

 

As a business sale can be extremely complicated,especially if there is a property involved either freehold or leasehold,it is advisable to work with an expert business transfer solicitor. South East Business Brokers can put you in touch with an expert business transfer agent,but you are welcome to use your own solicitor.

 

One of the most frequent questions we get asked is how do you value a business?The answer can be it is extremely complicated,but a good business broker should more than pay for themselves by covering their fees and getting more for you for the business than you would get if you were to try selling the business yourself.

 

The starting point for any business sale is a valuation. South East Business Brokers Limited is more than happy to you a free business valuation. All we need in order to do so,are the last three years worth of accounts including detailed profit and loss if you are a limited company.

 

Accountants can value a business in theory,and some do,but it is not normally their area of expertise. We have nineteen years full time experience of not only valuing businesses but guiding sellers through the whole process from start to finish.

 

For further advice and help,then why not give us a call?

​