Company News:
Beanstalk helps Surrey NanoSystems think big with £4.5m follow-on funding round
Beanstalk corporate finance secures successful sale of Everything Legal
Beanstalk victorious at prestigious Finance Monthly Global Awards 2012 Awards
| "I had a very clear idea of what I needed in a corporate finance advisor. I took the selection process seriously and met with a number of business brokers several times. It was apparent from the outset that Beanstalk was the right corporate finance provider for us." Preview Services |
If you've been approached by a potential buyer, how can you determine if the offer is a competitive one?
You clearly have an attractive business proposition, but are you 100% certain that you are not about to sell your business for less than its potential value? Do you understand the process of selling a business, and importantly, are you aware of the potential pitfalls and how to spot a timewaster?
Consider all options
When it comes to selling your business successfully, it is vital to consider all your options. Most of us only ever sell our businesses once and therefore we want to be sure that we've got the best price and terms. Beanstalk Management can help you quickly determine if the offer you have received could be improved upon.
Maximise your offers
The Beanstalk team will identify strategically motivated potential acquirers and thoroughly qualify each of these, while maintaining the dialogue with the original interested organisation. By talking to other prospective acquirers, you will significantly improve the likelihood of the deal completing - without others involved, time can stretch.
Only by doing this, can you create competitive tension, attract multiple offers, maximise your sale price and ultimately be assured that you are making the right decision for you and your business. Additionally, by exploring all your options to the fullest, you will have the reassurance that if your initial acquirer decides to pull out for any reason, there will be alternatives on the table for you to pursue.
Using a corporate finance advisor in this situation has numerous advantages. Appointing an advisor shows the purchaser that you are serious, allows the management team to continue to focus on the business, helps to retain control and prevent drift, and by using their network and relationships, time is saved and the likelihood of success increased as you'll be quickly talking to the right people.
Consult Beanstalk
To discuss in confidence the status of your potential sale, or to learn how to better prepare your business for a successful sale, contact us on 0207 193 3699 or by email.
A recent example of where we helped a business owner who had already been approached can be seen here.