Reasons for selling a business are as varied as the number of businesses.
Some business owners set out to build sellable businesses: their business model is ‘Scale to a certain level and then sell’. These owners tend to find the selling process much easier simply because it is their development model and they have much less ‘emotion’ tied up in their business.
For a founding owner/manager, depending on why you are selling, making the decision to sell can be highly emotional. You’ve built and nurtured this business through thick and thin so it can be a wrench to sell.
Most business owners we work with are founding owners/managers and we know how tough the ‘sell’ decision can be.
Typically, business sale areas we work with are:
- Selling off peripheral business units to concentrate on core business
- An ‘offer to buy’ from a third party – whether expected or not
- Change of personal circumstances such as illness or injury affecting the owner’s ability to run the business
- Retirement
We work, in complete confidence, with business owners who are at the early exploratory options stages of a potential business sale. Together, we explore the options available starting with the fundamental question of ‘Is the business actually sellable?’ – not all are. The answer to this fundamental question then determines what comes next.
To talk options on selling your business, call Jo: 077 333 94 641 or email jo@gapcomm.co.uk