Not everyone is skilled in business sales. Selling a Business is often a once in a lifetime event which can be both daunting and emotional. You have probably dedicated many years to building your business. When the time comes to sell your business, you want to be assured that you are dealing with a qualified specialist. West Australian Business Brokers work very closely with you to ensure you receive everything that your business is worth.
Our knowledge and 30 years experience in business sales and the Perth market gives us a very unique insight into the marketing of your business.
The Business Sales Process:.
As the starting point we will need to understand the reasons for the sale and gain an understanding of your preferred exit strategy. We also need to take an overview of the business in order to advise as to whether the time is right to sell.
Once we are both confident that the business is ready for sale we will need to undertake a detailed valuation.
This process will involve gaining an understanding of your market strength and position, your financial performance and your assets and liabilities.
As soon as we are formally instructed we will produce an Information Memorandum for your approval. Once this document is approved the marketing of your business will begin.
Confidentiality is of paramount importance throughout the sale process. All potential purchasers are very carefully screened in order to ensure that they are both qualified and serious prospects for your business. Undertakings of confidentiality will always be required from all interested parties prior to any detailed information being released. In any event commercially confidential information will not be released without your approval.
The Offer Document
As soon as agreement is reached with your buyer we will draw up the offer document. This document will be used by the lawyers and other professional advisors to ensure that the contracts and other formal documents accurately reflect the terms of the transaction.
Your buyer will want to undertake some detailed Due Diligence. We will coordinate this exercise and will be available to try to ensure that any misunderstandings or issues are resolved quickly and to your satisfaction.
We will work with the other professionals involved in order to ensure that the transaction is completed effectively and in accordance with the timescale agreed.
If you are about to sell a business, please call 1800 566 872 or contact Lee Goldstein here.