Selling a business
Whatever the motive, nearly all business owners eventually decide to sell one of their most valuable assets: their business. When they do it's vital to obtain professional advice to achieve a swift, smooth, and hassle-free transaction without affecting the goodwill of the business. At the same time you'll want to maximise the selling price and complete the sale as soon as possible.
Our knowledge and expertise means we have access to thousands of potential business purchasers. And with comprehensive regional, national and international marketing strategies we ensure best possible exposure to potential buyers discreetly. We are the professional, proactive agents you can trust to market your business to find committed buyers.
Our dedicated service will keep you informed throughout the process together with regular updates. Our sales negotiators take great pride in every business placed with us. And because they receive a commission upon each successful completion you can be sure they're motivated to work as hard as possible to achieve your goals.
Over the years we've forged valuable links with Solicitors, Accountants, Banks, independent financial advisors and other essential service providers such as stock takers to ensure you receive the best advice as well as facilitating the smoothest possible sales process. Like all successful companies we listen to our clients' comments and continuously strive to improve our services and to sell even more businesses in a discreet manner.
The Process of Selling
Step 1: An appointment is made for one of our friendly experienced consultants to visit you at your business and provide a free, no obligation, discreet business appraisal and explain Advent's marketing strategies. When you meet one of our consultants you'll see wthat we do to ensure that your business is sold discreetly.
Step 2: Once you've decided to go ahead, our consultant will conduct a detailed report about your business, which will contain sufficient information for a buyer, without revealing your business name or location. Photographs will also be taken where relevant. Our consultants will be happy to show you how we can market the sale of your business discreetly.
Step 3: Within two weeks you'll receive your Vendor Pack containing your proposed sales particulars, the advertising copy and details of the marketing package selected. While you are on the market with us, we believe that you should know exactly how the sale is going, which is why you'll receive regular updates to inform you about the progress of your sale.
Here are some of the likely fees involved in selling a business:
Legal/Solicitor costs – these can vary tremendously. It's vital to work with commercial solicitors with the relevant experience as business transactions can be very intricate and detailed.
We work closely with several national solicitors who have the commercial expertise and provide a professional service with reasonable charges.
Taxation liabilities – dependent on your personal circumstances. Your accountant is in the best position to advise you on this matter. Alternatively we can put you in touch with professional accountancy practices that provide specialist taxation services.
Stock takers – the cost for this is normally shared between the vendor and the purchaser. Costs tend to be a small proportion of the transaction value. We work closely with an approved national association whose fees are reasonable.
Landlord costs – these are normally paid by the ingoing tenant or purchaser in the case of leasehold businesses.
Agent's commissions – our fees are dependent on how quickly we feel we can sell your business, and are mainly results oriented.
Energy Performance Certificate – Most businesses will need an energy performance certificate which has to be made available to any potential purchasers. We can recommend a professional and national company from whom you can obtain an EPC quote.
The fees requested for our services vary and depend on the type of package selected. We're told our fees are neither the cheapest nor the dearest, but extremely competitive when you consider our marketing presence and the value of services provided.
Our politely aggressive approach to selling businesses has enabled us to sell many businesses
In order to facilitate the sale of the business, Advent may recommend third party services to Vendors and prospective purchasers. Third parties may pay Advent a commission for any services provided to Vendors or prospective buyers.
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