Preparing to sell
The intention to sell may be driven by any number of circumstances, from retirement to recognising that the true potential of the business can only be realised under new ownership with greater capital resources, expertise or access to new markets, either in the UK or overseas.
If you are going to achieve the best for your business, you will need to plan carefully. It can often take time for sellers to transform “lifestyle” businesses into marketable entities which will maximise the chances of success and the price realised.
Castle will work with your accountants and lawyers to ensure all pre-sale aspects (including tax planning and documentation) are dealt with in good time to receive due diligence.
Important issues, such as the identification of sustainable profits, production of regular management accounts, budgets and forecasts, a clearly defined growth strategy, adequate “second tier” management and attention to detail of legal contracts and terms and conditions can make literally millions of pounds difference in the price vendors may receive, so taking time in preparing the business for sale before it is marketed will be well spent.
If your need to sell is not immediate, there will be time to prepare the business to increase its potential value. Our service will help you to develop valuable improvements in your business, so that you will be ready to start the marketing process when the time is right.