Question 1

What are the benefits of using a business broker?

Accepted Answer

Working with a business broker has multiple benefits:
 • We get you the best valuation
 • We make sure you comply with all the legal requirements
 • We sell the business confidentially
 • We vet buyers properly
 • We market the business on your behalf
 • You can focus on running your business, so your revenues are not affected

Question 2

Which sectors do you sell businesses in?

Accepted Answer

Our team has decades of experience in company sales and have sold businesses in every sector.

Question 3

How long does it take to sell a business?

Accepted Answer

The time to sell a business can vary considerably, depending on various factors such as market conditions, the industry of the business, its size, and the negotiation process. On average, it can take anywhere from several months to a year to complete a business sale.

Using a business broker is the fastest way to sell a business as they have access to a much larger database of buyers as well as knowing exactly the information required to complete a transaction quickly.

Delays can occur if you don't have all your paperwork in order, so it's essential that before negotiations begin you get this in order.

Question 4

How much does it cost to sell a business?

Accepted Answer

A business sale involves the following costs:
 • marketing costs on business sale advertising sites
 • legal and accountancy costs
 • time to put everything together
 • business broker costs including commissions following a sale

A business broker, much like an estate agent, charges a fee to sell a business, but their expertise should mean you get a higher valuation and the outcome will be much better, with no legal issues down the line. There is potential for litigation down the line if the process isn't conducted properly, so it is highly advisable to use expert advisors to mitigate such a risk.

Question 5

What does EPC Legislation involve?

Accepted Answer

It is vital that business owners comply with EPC legislation when advertising a company for sale. Read our EPC legislation guide to find out more.

Question 6

What checks do we need to make?

Accepted Answer

We are required by law to comply with the Anti-Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 in which we must conduct an anti-money laundering identity check. We will require a copy of a passport or driving license and proof of address, such as a utility bill not more than three months old.

FAQs

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