You have successfully grown a business that has a proven track record of growth in revenues and profitability. You now want to capitalise on the position that your company is in and realise your investment. The time has now come for you to take a step back from either the ownership, or the day-to-day management of the business, or both.
Selling a business is one of the biggest decisions you will make. To maximise the value of the sale, it is vital that you are in control of the process from the very start of it. It is important that preparing for an exit begins early. You need to ensure you have all the information available to make informed decisions.
It can be daunting to choose the right exit strategy for your business. Some exit structures are outlined below.
When considering your exit strategy, it is important to consider due diligence and confidentiality aspects of a potential sale.
Carrying out a comprehensive due diligence on your business is usually required by buyers. It can be done in relation to financial, operational, legal and tax matters. Prospective buyers are likely to insist on their own due diligence to understand the risks of the business they are acquiring.
You might consider carrying out your own due diligence to assess any potential risks which can be remedied in advance of the sale process.
As part of a sale, it will necessary to get confidentiality agreements in place as business owners usually want to keep the fact that they are selling private. However, to get offers from potential buyers, it is necessary to present the business to parties who have signed a confidentiality agreement to get the best price for your business.
Director, PwC Ireland (Republic of)
Tel: +353 1 792 6845
Manager, PwC Ireland (Republic of)
Tel: +353 1 792 7264