It is never too early to start planning for the sale of a business. Most businesses are sold when the owner wants to retire, but this is not always the optimum time to sell, as its value may have peaked several years before.
Sovereign Corporate provides a consultancy programme to assist owners to prepare their businesses for sale. We recommend that this programme should ideally be commenced three years before any anticipated sale.
What the Sovereign Corporate ‘Exit Programme’ covers:
We have a proven sales process, which commences with preparing a comprehensive Information Memorandum, so as to engage with appropriately targeted purchasers. This is followed by a focused advertising campaign, including notifying all our registered corporate buyers. We then organise and attend meetings, with potential purchasers and finally negotiate the Heads of Terms.
Sovereign Corporate recommends that all business owners should obtain an independent valuation from a specialist Chartered Accountancy practice, before commencing the sales process. Too many business sales fail because the difference between buyer’s and seller’s valuations is too great and cannot be closed. Therefore, we recommend that an independent firm of accountants, not associated in any way with the business, should conduct a valuation using the same data as supplied to the potential purchasers.
“I just wanted to let you know how happy I am with the service provided by Sovereign Business Transfer, particularly in the account handling support during the sale of our business. Your service from start to finish has been exemplary and offered professional, knowledgeable, yet friendly interaction, that far exceeded my expectations . Nothing ever seemed to be too much trouble and you made our business feel unique, never feeling that we were just one of many clients that I know and can understand why, your office and staff have to deal with each day. I have a long experience of domestic and international business and it has been a pleasure to give Sovereign my wholehearted and thorough recommendation
Long may you continue to set standards for others to follow.”
Mr K Garrity
“I highly recommend Sovereign to anyone who requires the services of a Real Business Transfer Agent”
Mr P Spencer