Articles for Sellers
If you are thinking of buying a business or selling a business, you may be wondering what exactly is meant by the term ‘goodwill’. Essentially goodwill is the price you pay for a business, less the value of any tangible assets such as plant, equipment, furniture and fittings.
If you are planning to sell your business, you would no doubt like to try and maximise your selling price. We will explore this over a series of short articles.
If you are preparing your business for sale, it is a good idea to reduce the dependency of the business on you personally. All too often, the business owner is the only person to have contact with customers.
Who should I get to sell my business?
If you are planning on putting your business on the market, you are probably wondering, how do I sell my business, or who should I get to sell my business?
When is the best time to sell my business?
There are numerous factors that affect the best time to sell a business. Let’s consider some of these factors. Firstly, buyers are likely to prefer a business that has a recent history of year-on-year growth in both sales and profitability.
Will the sale of my business remain confidential?
You are no doubt wondering, how do I ensure that the sale of my business is kept confidential? Keeping your business sale confidential is important and is one of or key objectives.