Implications of Covid-19 on Business Sales and Valuations
So having lived with Covid-19 for several months, we now better understand the implications of the pandemic on business value and the likelihood of a successful sale and there is more good news than bad news.
- Sales of small businesses are up overall and buyers are sympathetic to the short term trading impact of Covid,
- Obviously some sectors are still easier than others, for example online retail is currently in high demand, but we are achieving sales in tough sectors such as the hospitality sector.
- Demand for lifestyle businesses is growing as potential buyers (some with redundancy payouts for example) are reviewing their lifestyles in the light of the last few months and looking to change course, address work / life balance and own their own business. This is exacerbated by the fact that the job market will be a tough one for the next couple of years.
The key to a successful sale is to be pragmatic. If Covid-19 has increased the level of risk in your business, then be prepared to share the burden of that risk with the buyer.
We are very happy to just ‘have a chat’ about how Covid-19 might affect your business sale and value, in addition to any other questions you may have about potentially marketing your business for sale.
What We Offer?
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A process designed specifically for smaller businesses by people who have owned and sold their own businesses.
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The professional help you need to sell a business including advice on guide price and how to prepare for sale.
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Saving you money versus traditional broker fees. Our most popular package is £595.
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A choice of marketing packages to suit your budget while maximising the chances of success.
What Our Clients Say....
“We were impressed by the knowledge and professionalism and were absolutely delighted to sell for more than we dared expect. You are a joy to work with” Cynthia – Events M’ment
“Thank you for your support and expertise. I believe we achieved the best possible outcome and I would have no hesitation in recommending you” Janet – Recruitment
“The entire service received was outstanding and at a sensible price. I wish we had found you earlier!” Marie – Kitchen Design
Initial Chat
We believe that you should be in possession of as much information as possible when making the important decision whether to market your business for sale. This means we take our time with your enquiry, covering:
- Learning about your business
- Offering advice on guide price
- Describing what you can expect from a sales process
- Discussing tax implications of a sale
- Clearly explaining our fee structure
- Following up with an email that covers what was discussed
We are so confident with the way we handle initial enquiries that we have started collecting feedback via a 3rd party, which can be viewed here.
Our Promise
We Won’t:
- Engage any hard-sell tactics
- Share your information with anyone
“Your depth of knowledge and easy going manner impressed me. There was no heavy high pressure sales patter” Nigel – Manufacturer
We Will:
- Treat your enquiry confidentially
- Suggest steps to take to maximise the price you can achieve
- Give you a realistic view on guide price
- Answer your questions carefully and honestly
“Your advice has been brilliant and I now know what I need to do. Thank you so much” Liam – Coffeeshop Owner