Our Approach
Step 1 – appraise, list and information memorandum
Firstly we establish a market value for your business. We can do this by working alongside your external accountant or with financial information you provide us. You choose.
Step 2 – utilise our national and international contacts
We have thousands of investors on our databases and we have a significant network of accountants, all of whom have clients looking to grow through acquisition. We will work with you to decide how best to market to these groups to find the right buyer while maintaining your chosen level of confidentiality
Step 3 – qualify enquiry and process CA’s
Anyone enquiring on your business will be required to sign a confidentiality agreement before they learn the business identity. We can tell you who’s enquiring and you can choose who gets the information and who doesn’t
Step 4 – vendor purchaser meetings
Most buyers want to meet the vendor before they make an offer to buy the business. We spend a lot of time with these purchasers establishing their capability to complete a transaction on your business. We feel it’s very important you only meet genuine and competent purchasers
Step 5 – present offers to vendor
We will construct a sale and purchase agreement or a heads of agreement around the offer. We will then negotiate the terms of the agreement on your instructions. Once an agreement has been reached the paperwork is distributed to both the vendor’s and the Purchaser’s solicitors for approval
Step 6 – due diligence
The due diligence process is about the purchaser verifying everything they have learned regarding to the business. This process normally takes between 10 and 20 working days. Both your accountant and solicitor normally play a part in this process
Step 7 – unconditional
After all the conditions in the agreement have been satisfied in the due diligence process, the deal can go unconditional. Issues like handover dates, vendor assistance period, vendor exit date have usually been covered in the agreement and due diligence process.
