Guidance selling your business
Now that you have made the decision that you want to sell your business, getting the best price for the company will no doubt be your priority. Here at Cadre, our team can put pillars in place to ensure you receive the most favourable figure whilst limiting the stress of conducting such a transaction.
By creating a simple step-by-step process, we ensure all i's are dotted and all t’s are crossed, leaving you with the deal you want to be executed in a timeframe that suits you. This is not only in the interest of you, the seller, but the business as a whole, causing minimal disruption as a result.
We break the process down into stages, and work with you every step of the way:
How to value a business
Here at Cadre, we understand that every business is unique, with no two companies operating in the same way. This is why when it comes to valuing a business, we do not use a blanket approach, considering a huge variety of factors that will have a bearing on the business’ valuation. By assessing these factors individually, we ensure we arrive at an accurate price. By taking into account all tangible and intangible assets, as well as the company's position in the market, scope for growth and threats to growth, we gain the full picture.
In addition to using long-standing valuation models, our team will draw on their decades of experience supporting business in various fields and sectors, allowing them to create impartial valuations quickly and with minimal fuss.
If there is a dispute regarding a valuation, we can work with our experienced forensic accounting team to reach a mutually beneficial resolution.
Valuing a business through Cadre
Whether you are using another accountant and require a valuation to support a sale/purchase, or you are looking for an established accountancy firm to guide you through a large financial project, our highly esteemed team is here to help. Contact us today to discuss us conducting a business valuation on your behalf.
1.
Developing an Exit Plan
In an ideal world, you will have developed a plan on how you would like to exit your business many years before selling up. In doing so, you will prepare shareholders, staff members, clients and anyone that will be impacted by your exit in advance.Whether you formalise your exit plan ten years or ten months proper to your exit, we can ensure the decisions you make now will benefit you as you move towards the exit date.
2.
Getting the Business Ready for Sale
The better your business is performing, the more of an attractive prospect it will look like to potential purchasers and investors. This is why getting your business in as healthier shape as possible prior to exiting is an advantageous move. By carrying out an in-depth analysis of your business, we can put ourselves in the shoes of an investor/buyer, identifying ways in which you can optimise performance and increase that all-important business valuation. From this research, we can create a plan of action that will result in a more profitable business, therefore a higher valuation.
Whether that be securing revenue past your exit date or clearing debt, the stronger your business is, the smoother your exit will be.
Off the back of this, we can create professional information memorandums that present your business in the best fashion.
3.
Finding and Vetting Potential Buyers
Your exit can only be successful if you have the right buyer. But finding that perfect buyer is a task in itself. While there may be many people interested in a takeover, finding someone that is suited to the business and with the capital required takes time. When working with the Cadre team, we will vet suitable buyers using a variety of methods. But with a portfolio of active investors within our network, we are confident that we can help you find the right buyer in a short time frame.
4.
Negotiating the Deal
As a team, we can help you consider indicative offers, select preferred bidders and meet with interested parties. Our advisors can also support you when it comes to negotiating heads of terms, making sure potential buyers have adequate funding and can access the funds they need to carry out the purchase.
5.
Due Diligence, Legals and Completing the Deal
When we are at the stage where the right buyer has been found and vetted, it is time to finalise the deal, ensuring all paperwork, legal documents and tax forms are completed and submitted to the relevant parties and authorities on time. When we are at the stage where the right buyer has been found and vetted, it is time to finalise the deal, ensuring all paperwork, legal documents and tax forms are completed and submitted to the relevant parties and authorities on time.
To discuss selling your business with the support of Cadre Advisory, contact our team today.
