Plan an Exit
When the time comes to exit your business you will want to secure the best price and reasonable covenants and indemnities.
The most common exit for small and medium businesses is by way of a sale, often to a competitor.
It's important to think ahead and to plan a strategy. If you take time now to consider the best way for you to exit you will benefit greatly when the time comes.
You will need to understand the value of your business which in broad terms is based upon its assets, sales, liabilities, profitability and its goodwill. It will be important for you to have a good idea of the value of your business early on in the process.
You will need to understand the different types of buyers and why different buyers will pay different prices.
Improve your value by taking steps to improve profitability, working capital, cash flow and other financial indicators.
You must ensure that your confidentiality is protected and that the sale process follows a course that protects your interests. As in all contracts the devil is in the detail. Often the detailed provisions, or more accurately the lack of provisions can leave you with a ticking time bomb that explodes after the contract has been signed.
It's also essential that you structure the sale in the most advantageous way from the tax, legal and accounting perspectives.
When the time comes you will need a partner who has the skill and experience to plan and manage the sale of a business. HGB Associates can be that partner.
We are highly flexible and results oriented in our support and pricing options.
For further information call HGB Associates now on +353 1 443 3135 or email
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