To maximise the outcome of the sale of a private business requires a professional approach to the process. The process should include
1. Preparation of the business for sale.
2. Evaluating the market for potential buyers and recent pricing
3. Identification of potential buyers
4. Anonymous approaches
5. Information memorandums
6. Due diligence processes
7. Negotiations on terms and pricing
8. Tax and legal issues
Within all of the steps, experience counts and for many sellers, it’s their first time, and have not been exposed to the pitfalls. This is the fundamental reason to seek a Professional Adviser to manage the process and advise along the way.
David has advised on many transactions both for the buyer and seller including floating larger companies on the stock exchange, private equity transactions, and private sales. Belvedere can both manage the process similarly to a broker but can also professionally advise the client throughout all the aspects of a sales process.
Belvedere can be engaged for specific aspects or for the whole process. The first step is to have a confidential meeting without obligation.