Selling your Business london & Kent

 

Selling a business in London and Kent
 

 

 

If your are you thinking about selling your business then we are here to help, based in London and Kent we can help your prepare and sell your business.

You may have already started the process of selling your business. You have invested 10, 20 or 30 years in building your business and now is the time to capitalise on your asset and move on to retirement or maybe other business activities or interests.

Whatever your reasons you want to make sure you get the right price for your business, and also ensure that loyal staff have a positive future with the new owner.

 

 

Features of our services

We work with you through the following areas to prepare your business for sale and get the maximum value from your transaction.

 

  • Financial figures
    You should have 3-5 years audited accounts plus forecasts for the forthcoming 12 -18 months.
     
  • Cashflow forecast
    In business cash is king, and this is particularly so during downturns
     
  • Sales and marketing
    A clear sales and marketing plan for the forthcoming 12-18 months.
     
  • Operational systems
    Clear processes and end to end systems to ensure smooth running of the business cycle from sale to delivery and invoice.
     
  • Management team
    A strong management team in place with clear objectives and evidence of success.
     
  • Organisational structure
    A chart showing the company’s organisational structure with clear responsibilities.
     
  • HR policies
    Up to date staff contracts and formal procedures in place.
     
  • Corporate governance
    A board of directors including, if possible, non executive directors who will drive the strategic direction of the company and hold the executive team to account.
     
  • Business continuity plan
    How would the company continue operating in the face of a major disaster or crisis?
     
  • Communications
    Have a clear communications plan ready to keep customers and staff 

 

 

 

 

 

Our Process

Our business process allows us to sell your business quickly.

 

 

 

Selling your business consultation icon

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Step 1

We will have an a initial free consultation

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dashboard view of the preparedness for sale icon
 

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Step 2

We will give you a diagnostic dashboard view of the current business and it’s preparedness for sale

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selling your business action plan icon
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Step 3

We agreed action plan to address all areas on the identified on dashboard  in Step 2

 

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prepare the data vault icon

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Step 4

We then prepare the ‘data vault’ to speed up the success process with potential acquirers.

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market business to selected acquirers icon
 

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Step 5

We market to selected acquirers and a short list of 3-5 potential companies looking for businesses in your sector.

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negotiate sale of business

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Step 6

And negotiate with potential acquirers, appointing lawyers, liaising with all parties and leading on negotiation.

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What People Say About Us

 

High profile and Positive Brand Visibility...

Paul conducted an extremely diligent and thorough audit of one of my clients corporate communications plans. His recommendations were incorporated into their IPO strategic plans and resulted in high profile and positive brand visibility at their time of stock market launch. Mark Pavan   |     |   Non-Executive Director at Mapa Research


Streamlined Processes...

Paul has only been with Jarmans for a short time as interim management support but his tenacity, diligence and intelligence have proven invaluable in terms of driving growth and creating streamlined processes. He is an intuitive trouble-shooter and provides a valuable sounding board at all times. Jay S   |     |   Solicitor


 

 

Contact us about selling your business

Preparing your business for sale service. Service offered remotely by: Zoom; Skype; Email and telephone.


  CONTACT US

 

 

Frequently Asked Questions and Answers

 

  How much can you sell your company for?

The price you can get for your business will depend on a number of factors. Normally valuations are based on a multiple of the EBITDA ( Earnings Before Interest, Tax, Depreciations and Amortisation ) EBITDA is an important indicator of a company's financial performance. It is a measure of a company's operating performance. EBITDA minimizes the non-operating effects that are unique to each company. It then allows investors to focus on operating profitability as a singular measure of performance. Other factors that will come into play include any physical assets the business may have such as premises, vehicles or plant and machinery; a strong forward order book and a well-planned sales and marketing plan; internal systems; management team and staff retention.

  How do you sell a small business?

You see a small business by being well prepared so your company will look attractive to a potential buyer. If you know your market well you may identify a number of larger competitors who would be interested in buying. Sometimes the buyer can come from overseas and an expert will know how to find these contacts. You might decide to sell to your management team in a Management Buy-Out. You can try contacting business brokers but they will generally charge a monthly fee and a percentage of the final sale price – many brokers tend to work on volume so you may not get the personal and dedicated service you will from a sale expert.

  How long does it take to sell a business in the UK?

This can vary but allow up to 6 months. Rather like selling a house, you need to get interest from buyers and when they are interested they will need to check financial and other information before the legal documents are put in place. Having everything prepared professionally in a sales dossier will definitely help to speed up the process.

  How much are you taxed when you sell a business?

If you are selling a business, the most important consideration (as far as tax is concerned) will normally be whether or not you will qualify for Entrepreneurs’ Relief – this means that you only pay 10% Capital Gains Tax on any qualifying gains. Entrepreneurs’ Relief can be claimed by Directors (and Directors’ spouses or partners in qualifying cases), Sole Traders as well as Partners and Employees of Companies. There’s no limit to how many times you can claim Entrepreneurs’ Relief but as from 11 March 2020, you can claim up to £1 million of relief in total during your lifetime (reduced from £10 million). With careful forward planning, you can also ensure that you maximise the proceeds from the sale of your business.