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 found Sovereign are honest, trustworthy, helpful and supportive. They have provided me with an excellent service and professional advice”
Miss E Patrick
“I would like to take this opportunity to thank Sovereign following the successful sale of my business. Not only did they get us a fantastic price but they made the whole process a lot smoother than I ever expected, which was great as I was expecting a baby at the time! Alisanne, my personal account manager was in regular contact from start to finish. Every aspect of the sale was handled with utmost professionalism and attention to detail. Well done Sovereign on your negotiation & communication skills, keep up the great work.”