Sell Your Business

Silk Letting Ltd

Selling Your Business

Your business may be your life’s work or a family concern that has grown through several generations. You started it with a plan, make sure you leave with one. We can help you understand what you need to know and prepare and support you in the sale of your business.

In some cases, unexpected events can trigger the sale of a business: a family situation; an issue between business partners; concerns about future trading prospects; an unforeseen offer for the company. In others, it may happen purely as a result of a lack of planning.

Selling a business can be a challenging and emotional experience. This is why our expert team of marketing agents will let you sit back and relax, whilst we put the wheels in motion to get your business matched up with a perfect buyer.

Read on to find out more about how to sell your business or contact us today for some free, confidential advice.

Things To Consider When Selling Your Business

Selling your business takes some organisation. The following key areas should be considered:

1. Decide the objectives for the sale.
2. Craft your story: align the story of the business you’re selling with what the purchaser is buying. Understand the type of buyer and have a business plan that defines the value of the business to them. Be able to explain your reasons for exiting.
3. Ensure you’re selling at the optimal time, whether that’s in terms of the economic cycle, your industry cycle or the life stage of your business. You should have a clear valuation of the business to you – in particular the minimum you’re willing to accept.

“Now’s the time to be planning for your future.”

To help you achieve a more positive outcome for you and your family, your personal finances and the business itself, we advise preparing for the expected and the unexpected.

When you’re ready to start planning your business exit, we can help you understand what you need to know, and find a balance between your head and your heart, so that you reach the best outcome for yourself.

Is It Time To Move On?

There are many reasons why you might be thinking of selling. If any of these situations apply to you, we can help make sure that we have the right story to tell potential buyers.

New Opportunities

You may have found a new opportunity potentially in an entirely different sector altogether. You might have that entrepreneurial spirit to take on a new challenge and it’s time to try out a different venture, meaning that it’s time to move on from your current business.

Retirement

Are you retiring or thinking about retiring? If so, you might want to start thinking about how to achieve the maximum revenue for your business as you hang up your hat.

Our experts at Silk Letting Ltd can help you to develop a comprehensive exit strategy and understand the true value of your business.

Time For A Change

Are you feeling the weight of managing the business day to day? Have you been running this business for so long that you’re thinking it might be time to do something else? We can support you through your exit, allowing you to thrive in your new venture – whatever that may be!

Performance

Is the business not performing as well as it should be/used to? It can be very difficult to accept that a business is struggling but it is important to remember that this is often due to factors that are out of our control.

Managing a business is no easy feat and there will be lots of troughs and peaks on the journey to success. However, if you find yourself unable to get out of a trough, it might be time to start looking for new opportunities.

Looking to sell? Get in touch with us today to get started.

Why choose us?

We have built up a unmistakeable reputation for effectively selling businesses across the UK, working with thousands of different landlords and businesses to get their exit strategy planned out smoothly and efficiently.

With a proven track record of successful business and property sales in most industries, we trust that we can sell your business within a 12-month period, for a fair price. With our pool of investors waiting for a call about their perfect business, your business will also be sent out by email to every single one of our buyers that meets your criteria, ensuring a swift sale.

Speak with the team

For more information on selling your business and how we can help, get in touch by filling the form below

 

    How Can Silk Letting Ltd Help You?

    Together, we can explore what a good exit might look like. We specialise in a number of areas that are key to the business exit process, including investment structuring, passing on wealth to future generations, and securing your wider legacy.

    Our work with business owners all over the UK means that we understand entrepreneurs and their financial vision. As their partner, we help them grow, manage and preserve their wealth effectively.

    Owners need to prepare thoroughly to ensure a successful transition. Taking the right approach will make all the difference not just for their family and businesses, but for their communities and the larger economy as well.

    We’ve seen businesses transform over many decades and across geographies. Our experience helps us understand the foundations for success: effective and early dialogue with all stakeholders and using the right words at the right times can increase the likelihood of successful transition.

    Business families considering succession typically have three main concerns:

    How to ensure the continued success of their business.
    The impact of the transition on family members, whether they take on active roles or not.
    How the big decisions will be made, and by whom.

    These issues are interdependent, and we can help you find the right balance.

    We don’t view succession as a single event. It’s a process. And breaking down your approach into management, ownership and governance transition can be a useful way to frame the process from the perspectives of all stakeholders, both inside and outside the family.

    “Taking it on. Building it up. Handing it over. Letting it go. Take it a step at a time.”

    Please contact Silk Letting Ltd on 0161 519 1205 for further advice.

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    Talking about business

    Our Selling Approach

    We pride ourselves on providing exceptional customer service to our clients and we aim to not only meet but exceed expectations. We strive to make sure that your business value is recognised in its entirety through our business valuation service and that everything you have invested in your company is invested back in you.

    Our professional marketers and negotiators take a four-step approach:

    Listen

    We need to understand the ins and outs of your business to get an insight into how it functions and where it may be placed on the market. The only way we can understand your business is to listen and find out everything we need to know about your business objectives.

    Once we understand your business, we can sell it. We recognise that every business is completely unique and this is why we take a personal approach to make sure that we achieve the best outcome for your business and its bespoke needs.

    Showcase

    Our job is to showcase your business in the best possible light to potential buyers. Our expert marketing processes are designed to target the areas that make your business stand out from the crowd and accentuate its unique selling points.

    Our marketeers will work with you to bring the commercial aspects of your business to the forefront of the market and think of bold ideas that live outside of the box.

    Attract

    Our primary goal is to attract potential buyers and generate interest in your company. In order to do this, we develop a buyer reach strategy using information collected from authoritative sources.

    We need to see the bigger picture and make sure that your business is left in safe hands with an experienced, ambitious buyer who will recognise the value of your company and nurture its future success.

    Deliver

    Results are everything. Our strategy from transaction all the way through to completion is about achieving the best possible outcome for you and your business.

    Our expert team will be there to support and guide you through every step of the process, striving to negotiate the best deals and make the right decisions for your bespoke needs.

    Why Choose Silk Letting Ltd To Sell Your Business?

    Our expert marketing agents at Silk Letting Ltd have access to the best advertising platforms on the market. We strive to achieve maximum exposure for your business and attract the highest bidder to make sure that your company value is rightfully recognised and appreciated.

    We aim to have your business live on the market within 5-7 days. We develop a process that will successfully promote and sell your business in a way that plays to your strengths and doesn’t waste time.

    If you want to find out more about how we can help you to successfully sell your business, contact us today for a confidential chat with our friendly team.

    Speak with the team
    Business Sale Solicitors

    Frequently asked questions

    Can’t find what you are looking for? Feel free to get in touch with our team to discuss any questions you may have

    When is the right time to sell your business?

    Ultimately, only you know when the right time is to sell your business. Typically, business owners might feel that it is time to sell when they want to make a lifestyle or career change.

    It is better to sell your business when it is performing well rather than when it is losing, in order to make it more desirable to potential buyers.

    When selling a business, how do you value it?

    Silk Letting Ltd has a business valuation service designed to calculate an accurate figure for the value of the business.

    What happens to cash when selling a business?

    When you sell a business, the business owner will keep any and all cash and cash equivalents i.e. money market funds or bonds. Cash includes money in the company account.

    Do you get taxed when you sell your business?

    You may receive a hefty tax bill when you sell your business as sales profits of business assets are likely to have capital gains tax.

    The top federal personal income tax rate is at 37% for the highest tax bracket if you’ve had your business for less than 12 months. For business owners who have had a business for longer than 12 months, the tax rate is at 15% (subject to change).

    Can I sell my business if it has debt?

    You can sell a business with debts. Typically, if a business is to be sold with debts then the seller can either settle the debts in the sales process and set a higher price to buy the company, or set a lower price and pass on responsibility to the buyer.

    Can you sell a company in liquidation?

    If a business has gone into liquidation, it cannot be sold as one single entity. However its assets, including premises and stock, can be sold off to investors.