Are you thinking about buying or selling a business in the UK? If so, it’s important to choose to work with specialist business brokers that have expertise specific to the processes involved in these types of transactions. After all, selling a company that you have built and operated, or investing in a business that you want to begin operating and growing, requires knowledge and experience beyond what you might have learned from buying or selling estate property to live in or to let to tenants. When you sell or purchase a company, many other factors have to be taken into consideration and it’s essential to consider all of the relevant factors to avoid experiencing pitfalls that can have serious financial consequences
For example, when you are considering listing an accountancy practice for sale, establishing the value goes far beyond just looking at the actual assets that your company owns. Is there an established client base? Are they likely to stay with the new owners? Does the business have a positive reputation? Are the receivables in good shape? If so, these factors must be taken into consideration when setting a price.
The same is true for any kind of business. If you’re considering listing dental practices for sale, for example, it’s important to consider the size and loyalty of the patient base, how new the equipment is, how effectively the practice has been operated and many other factors.
With so many variables – and they are variables that can be quite difficult to measure, it only makes sense to seek assistance from specialist professionals who really know the ins and outs of these types of transactions when you need to sell or purchase a business in the UK.
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