To get the best result from the sale of a business requires preparation of sales information, having a structured approach to marketing and finally negotiating the actual deal. At the same time the business must continue to thrive and cannot be allowed to wind down in the light of any proposed sale.

Whatever your reasons, you need to ensure you are serious about selling. Do not be tempted to "test the water." You must have a good reason for selling that can be communicated to a potential buyer and choose your moment to sell, do not have it forced upon you. Sales sometimes occur very quickly but invariably it will take a year or more to sell.

Decide in advance what you are intending to sell in respect of assets and property. Are you selling your shareholding in a business or the assets and goodwill only? Consider your own future as often a period of handover is required. Tax planning is also an important element. Decide when to inform your personnel but remember a business is not sold until it is legally sold and completion occurs. A hasty announcement can cause untold damage and worry if plans do not come to fruition.

Selling a business involves quite a complex process of events and considerations. Alchemy Acquisitions can assist you in managing each aspect.