Stage 1
If you are interested in selling a business, please start by completing our registration page, providing initial details of your company and subscribing to our membership service via the standing order form.
Once you are registered, and are confirmed as a member, a draft sales memorandum for your business will be sent to your preferred email address for your approval.
At this stage you will also be emailed login details that will allow you to access the members’ area. On the sales memorandum you will notice that your company name and all identifying marks have been removed – this ensures confidentiality retained until the necessary agreements are in place. We may also ask you to complete some supplementary information that we feel is relevant to your company and will cover the positive aspects buyers are looking for.
Stage 2
Once you have approved the sales memorandum for your business, and feel comfortable that it retains your anonymity, it is marketed to the member buyers whose needs closely match your offering.
Stage 3
Members that are interested in your business will then submit a request for further information. We will then supply you with the identity of that member and some further background information on their company. With your permission we will then release your identity and provide them with some further information on your company. If the buyer is still keen to proceed we will arrange an initial informal meeting between the two parties at a location of your choice.
Stage 4
The objective is for sellers to meet a select number of buyers within a fairly short timeframe of around one month. This enables you to gain a reasonable feel for what the market will pay and gauge the different corporate styles and characteristics, or synergy, between potential buyers.
Once you feel you have met enough potential buyers we ask all interested parties to make indicative, non binding offers by a certain date. The buyer you wish to go with will then be informed and a further meeting will be arranged to form a Heads of Agreement Document which will set out amongst other things the period of exclusivity that they will be given. During this period both parties can undertake their due diligence and initiate the legal framework required to complete the sale.
Stage 5
It is also our role to make sure that the buyer stays within the agreed timeframe for completion. On completion we are paid our success fee.
So as you can see our interests are totally aligned, we succeed when you succeed.
To become a member and register your business for sale click here