Selling a business
Selling Overview
Whatever the motive, nearly all business owners eventually decide
to sell one of their most valuable assets: their business. When
they do it’s vital to obtain professional advice to achieve a
swift, smooth, and hassle-free transaction without affecting the
goodwill of the business. At the same time you’ll want to maximise
the selling price and complete the sale as soon as possible.
Advent are here to help with your best interests at heart and
help you overcome any hurdles. We are a market leader providing
a specialist service – we sell businesses!
Our knowledge and expertise means we can do that as effectively
as possible. And with comprehensive regional, national and international
marketing strategies we ensure maximum exposure to potential buyers
whilst maintaining the utmost discretion. We are the professional,
proactive agents you can trust to find committed buyers and willing
sellers.
Our dedicated service will keep you informed throughout the process
together with regular updates. Our hand-picked negotiators take
great pride every business placed with us. And because they receive
a commission upon each successful completion you can be sure they’re
motivated to work as hard as possible in your interests.
We’ve forged invaluable links with solicitors, accountants, banks,
independent financial advisors and stock takers to ensure you
receive the best advice as well as facilitating the sales process.
Like all successful companies we listen to our clients’ comments
and continuously strive to improve our services and to sell ever
more businesses in a discreet manner.
The Process of Selling
Step 1: An appointment
is made for one of our friendly experienced consultants to visit
you at your business and provide a free, no obligation, discreet
business appraisal and explain Advent’s marketing strategies.
Step 2: Once you’ve decided
to go ahead, our consultant will visit again and conduct a detailed
report of your business, which will contain sufficient information
for a buyer without revealing you business name or location. Photographs
will also be taken where relevant.
Step 3: Within two weeks
you’ll receive your Vendor Pack containing your own colour brochure,
the advertising copy and details of the marketing. While you are
on the market with us, we believe that you should know exactly
how the sale is going. That's why you’ll receive regular updates
and never be left in the dark. When you meet one of our consultants
you’ll see in detail everything that we do to ensure that your
business is sold quickly and confidentially.
Costs Associated
Here are some of the likely
fees involved in selling a business:
Legal/solicitor costs – these can vary tremendously.
It’s vital to work with commercial solicitors with the relevant
experience, as business transactions can be very intricate and
detailed.
We work closely with several national solicitors who have the
commercial expertise and provide a professional service with reasonable
charges.
Taxation liabilities – dependent on your personal
circumstances. Your accountant is in the best position to advise
you on this matter. Alternatively we can put you in touch with
professional accountancy practices that provide specialist taxation
services.
Stock takers – the cost for this is normally
shared between the vendor and the purchaser. Costs tend to be
a small proportion of the transaction value. We work closely with
an approved national association whose fees are reasonable.
Landlord costs – these are normally paid by the
ingoing tenant or purchaser in the case of leasehold businesses.
Agent’s commissions – our fees are dependent
on how quickly we feel we can sell your business, and are mainly
results oriented.
Energy Performance Certificate – Almost all businesses
will need an energy certificate which will have to be made available
to any potential purchasers. We can recommend a professional,
national company to take you through the appropriate procedure.
The fees also vary dependent on what kind of package you
require. We’re told our fees are neither the cheapest nor the
dearest, but extremely competitive when you consider our unrivaled
service and marketing presence.
We will always confirm fees in writing before your instruction.
You will always know exactly where you stand with no surprises
later on. You can rest assured that we are politely aggressive
when it comes to selling your treasured possession and will use
our best endeavors to reach a satisfactory sale.
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