by Brad McAvoy
Partner
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27 November 2018
Corporate Financeby Brad McAvoy
Partner
When to start preparing?
The level of preparation required will differ for every business but it should start early – at least 12 to 18 months before a sale process is ideal to ensure there is sufficient time to rectify any potential deal issues and provide the greatest opportunity to maximise sale value. The extent to which some elements of the business can be “professionalised” in this timeframe can impact the level of confidence potential buyers will have in the numbers and business management generally; this is always positive to achieve the best deal outcome for a seller.
Some preparation thoughts
How can we help?
At James Cowper Kreston, we can carry out a Business Sale Readiness assessment. Our assessment helps you develop a practical action plan to address the critical needs of the business to ensure a timely and successful divestment process which will generate the best possible result. For more information please contact me on the details listed above or by submitting an enquiry.
Not selling, but trying to expand? Make sure to read our next edition of Perspective to find out the correct way to go about purchasing a new business during your expansion. Available January 2019.
If you would like to read the Chinese Translation of this piece please click here.