Selling a business can be a difficult decision to make, especially if it is one that an entrepreneur has developed from the ground up, as there will be emotional ties. However, deciding on the right manner in which to make the sale can provide peace of mind about the business’ future.
There are several different methods for selling a business, each with advantages and other factors to consider:
This type of sale normally entails the disposal of a business’ shares or assets and even liabilities, in whole or in part. A buyer can acquire the business through a share sale or an asset sale.
An MBO is when the current management team of a business collaborates to buy either a total or a majority stake in the business, thus buying out the current owner and taking control.
An EOT is a vehicle that can be used by the current owner(s) of the company to plan a partial exit and a future full exit at a later stage, creating a tax-advantageous succession plan.
Temple Homes Property Limited, a property management company based in Bristol, has successfully been acquired by estate agency Bristol Property Centre in a deal supported by the GS Verde Group.
It doesn’t matter which exit route you decide to take to sell your business, you want to maximise the value of your business prior to selling.
GS Verde Group is pleased to have advised on the sale of a renowned translation services provider.
