10 steps to selling your business

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1) Business Valuation
BuyMyBiz will carry out a business valuation & provide feedback and ideas on the best way to sell a business in your market sector
2) Prepare Documentation
BuyMyBiz prepare confidential business sale marketing documents. This includes: a business summary, a legal disclaimer and a business sale memorandum
3) Identify Target Buyers
The BuyMyBiz team researches the market for suitable buyers and businesses with strategic synergy. This business sale marketing and research is essential to secure the best business value when you sell a company
4) Confidential Marketing
BuyMyBiz confidentially launches your business on the market using a variety of traditional and modern marketing techniques to reach private equity, trade buyers, high net worth individuals and overseas investors. Your business broker can largely influence your company value and time when selling a business
5) Buyer Qualification
BuyMyBiz takes all respondents through a process of qualification, ensuring confidentiality agreements are signed and the interest is credible as is the affordability
6) Meeting buyers
BuyMyBiz will seek to arrange viewings and meetings with suitable qualified buyers, facilitating the flow of information and managing negotiations
7) Set deadline for offers
BuyMyBiz manages the communication with interested buyers setting a deadline for offers and ensuring the highest possible range of offers
8) Sale documentation
Once an offer has been made in writing and accepted by our client, BuyMyBiz draws up the ‘Head of Terms’ which details the structure of the deal and an agreed road-map and timetable for key events in the completion phase. This is agreed between all parties and the buyer is given an agreed exclusivity period to allow a deal to progress
9) Due diligence
BuyMyBiz provides support where appropriate during the legal and accounting due diligence process
10) Completion & Handover
In the weeks leading up to completion, BuyMyBiz provides appropriate support during negotiation points, in conjunction with its clients legal advisors including advice on a reasonable handover period
10 steps to selling your business Vexus Corporate Limited
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