Sell a small business: What a business owner should know
DISCOVER YOUR VALUE
Ready to sell your small business? After many years of hard work and success, there comes a time to sell your business, whether you want to retire or move on to the next project.
At Melville Bierman we work to sell organisations of any size, even small businesses with less than 50 employees and a turnover under £9 million. As a small business owner, it’s a challenging time and we will be with you every step of the way.
Nearly six million small businesses operate in the UK, and when you’re ready to sell yours, our team will be by your side and ensuring you find the right business buyer and seal the best deal. It may be the first time you’re selling a business, or the seventh; either way you want to get the process correct and achieve the maximum sale price.
The key stages
Throughout the process you will be fully at ease in the knowledge that our expert team are committed to delivering the end result that you deserve.
The extent of our personal, first hand experiences means we can fully sympathise with your perspective. So, we will personally ensure that everything that you have invested into your business is entirely appreciated.
Our dedicated team will work tirelessly to deliver the best possible service, as the satisfaction of our clients remains our primary focus.
How do I prepare to sell a small business?
To ensure you’re ready for anything a potential buyer may ask, you need to be prepared for your sale. We will help you put together all the documentation, such as:
- Accounts from previous years
- Leases, contracts, and tenancy agreements
- Tax returns
Meaning that when we’ve collated a list of potential buyers, you’re armed with information to hand over.
Where do I market my small business for sale?
At Melville Bierman, we have all the tools needed to make your business sale a success. You don’t need to make calls, market yourself, and attend conferences and meetings; we have it all in hand.
Our MBX technology is a powerful system. We input all the variables about your small business and the database will work through our contacts and buyer information to find the right potential buyer. This tool has been built by us at Melville Bierman to match your needs – a fast sale to the right businessperson who will continue to make the business thrive.
But it’s not all about technology – we know as well as you that business needs a human touch. We’ve spent years sowing the seeds of our network, working with sectors and businesses including:
- Information technology
And many more. We will find the right market for your small business.
HOW DO I PREPARE TO SELL A SMALL BUSINESS?
As a business owner, you’re going to be used to shaking hands and signing contracts. To sell your business is possibly the biggest deal you’ll ever do and you can rely on Melville Bierman you be there when you do.
As brokers, we want to get the best deal for you so the money is in your bank account ready to fund your future. It’s not all about the money; we’ll support your business sale through due diligence, help you plan how to deliver the message to your employees, and ensure all the paperwork is ready in time.
Normally, a small business can take six to eight months to go through. We’ll work with you to set a reasonable plan to find a buyer and execute to sale as swiftly as possible.
Melville Bierman has supported hundreds of small businesses through the process of selling up and moving one. We will get you ready for the sale, at the right price, and in a timeframe that works for you.
To discuss the sale of your small business today, contact us for a chat with one of our experts.
Meta: When you’re ready to sell your small business, Melville Bierman will work to find potential buyers, market your business, and help close the deal with confidence.
Protecting your personal information and providing full confidentiality is of paramount importance to us, and can be relied on with confidence throughout our service.
We understand that full confidentiality – for the entire duration of the transaction – is absolutely imperative.
From the outset we can assure you that we operate in such a way that is designed and proven to prevent any mishandling of your company’s data.
We understand that such anonymity will, in addition, assist in the deliverance of an outstanding deal for your company.
Once a non-disclosure agreement has been completed and the party interested in acquiring your business has been thoroughly screened, we will seek your permission to issue an Information Memorandum. This provides you with complete control over who has access to your company’s sensitive commercial and financial information.