Growing a business organically over time is one route to growth.
Some businesses choose to shortcut their growth plans by acquiring another business. If you can get the economics of the deal and the integration of two businesses right, acquisition is a sound route to boosting growth.
We work, in complete confidence, with business owners who are at the early exploratory options stages of a potential business purchase. Together, we explore and model the options available starting with the fundamental questions of:
- ‘Is the business actually worth buying’ – not all are.
- ‘Does it really meet our needs?
- ‘Can we integrate its working practices into ours relatively easily?’, and
- ‘Can we afford to buy it?’
Answers to these fundamental questions are vital for any acquisition to get off the starting grid.
Typically, business acquisitions we work with are:
- Out of the blue ‘Would you like to buy our business?’ offers from sub-contractors or competitors:
- Owner/managed businesses whose owners are facing retirement, often need to sell part or all of their business to finance retirement. Making an offer to a known competitor/contractor can shortcut the process.
- Making your own out of the blue ‘offer to buy’ to another business for its order book, client base or, in some cases, for key employees
- Expansion into a new geographic area through buying a business based in that area
- Buying a company facing closure for its order book, staff or premises
To talk options on business acquisitions, call Jo: 077 333 94 641 or email jo@gapcomm.co.uk