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Selling Your Business

Selling Your Business

Selling Your Business

Are you thinking about selling your business?

Selling a business can be stressful and you want to be sure you are achieving the right price. We believe the following should be considered before putting your business up for sale:

Make sure you have good financial records

Keeping your financial records and information organised and in files will help you to get a valuation quicker as potential buyers will want to know the profits gained for the past 2-3 years and predicted profits for the next 2-3 years. If you are going to create a sales forecast for potential buyers make sure that they can be backed up by evidence and are realistic.

Planning ahead

Companies need to be running smoothly if you are going to sell them, so planning well in advance to get the company organised, efficient and running to its maximum will help the company to sell easily.

Know your reasons for selling

Make sure that you have reasons to sell – buyers will want to know why you have decided to sell the business. They can range from wanting to try new things to a retirement fund.

Placing a value on your business

A professional valuation will give you a true idea of how much your business is worth and how much can make in profit from the sale.

Tax considerations

It is important to work closely with your accountant on Capital Gains Tax Liabilities, plus the difference between an asset sale & a share sale and what the different tax liabilities are.

Choosing the right broker to market your business

When looking for a broker to sell your business, you need to look at how much experience the broker has of selling businesses, their successes in selling similar businesses, what contacts they have with potential buyers, how they will market your business, the fees they charge and how they will keep the sale confidential.

If you are thinking about selling your business then come and talk to us today and we can work with you to get the best price for your business.  Confidentiality is one of the most important considerations in business transfer and we ensure that is a top priority in our service.

 

Client Testimonials

Smart Bedrooms and Closets Ltd "Amandeep is very thoughtful, consider how you want things done, and find good tax solutions.
THS Supplies Ltd "Highly recommends Aman for anyone seeking a reliable Taxation Services In UK ery thoughtful, consider how you want things done, and find good tax solutions.
Momi Deco Ltd "Performance has been consistent over our 5 years of working together."
Heathrow Building Supplies Ltd Expert accounting services with attention to detail. Highly recommend!
Gov Bhalla Management Consultant I moved over to ABMO at the end of 2023 and I'll never look back. Not only have they helped fix countless errors made by previous accountants, they provide that personal touch which means I'm always informed on progress as well as being proactively told when I need to action certain things.
Amol Khullar Director Highly recommended. We have had a good few years with this company now. They are very efficient and professional. We have grown successfully with the help of Abmo. The services and advice received is always helpful and has assisted in our growth today
Beechy NarulaRetail Consultant Aman is an approachable, personable and professional accountant and business owner whom I can highly recommend. Aman’s been handling my tax affairs for many years and he is positive, quick, efficient and helpful. Will certainly continue to use his services.