As of today, if you Google “businesses for sale” in New Zealand, the total is 1461 or 4321 depending on where you look. How will your business stand out from the crowd?
There are any number of reasons you might decide it’s time to sell your business:
- Cash in what you’ve built
- Time for an easier life-style
- Time to move onto something new
- Life emergency
Whatever the reason, it’s a process with several steps that need a lot of thought and pre-planning. You don’t need to go it alone. Business Support Studio Limited is here to provide assistance and help make sure you end up in the best position and with the best deal possible.
FESTINA LENTE – Loosely translated as ‘Don’t be rash!’
Decisions to offload a business made in haste rarely result in a good deal for the seller. It really does pay to take professional outside advice, even if it’s just to kick a few ideas around and make sure you’re on the right track.
Ideally, the steps to ensure a business is in the ideal state for sale are instigated a good 1 – 1.5 years in advance, and involve finding the answers to 4 basic questions:
What is the actual process for selling a business? What legal and financial obligations do I have to fulfil? Whom do I need to notify and at what stage of the overall process?
When will be the best time to sell my business: short- mid- or long-term? What do I need to do to get my business up to scratch so that it becomes as attractive as possible to potential buyers?
Where will I find a buyer for my business or, more importantly, where do I find a buyer who will give me the best price for my business? How do I avoid tyre-kickers and time wasters and zoom in only on parties who have a serious interest in buying my business?
What is the value of my business? What criteria govern that valuation and how can I optimise them? How can I be certain I am getting the best return for all my effort and hard work?
IT’S A BIG CALL TO MAKE THE DECISION TO SELL
AND WE CAN HELP YOU TICK ALL THE BOXES
WHAT CAN WE DO TO HELP SMOOTH THE PATH?
It’s important to understand that we here at Business Support Studio are not Business Advisors ourselves, so we’re not going to shove any of this down your throat. But we do work alongside trusted Business Advisors who specialise in a wide range of trades and industries – and that’s why we think you should come to us first. Because . . .
Business Support Studio is a company that uses modern techniques alongside old fashioned values. We respect the qualities of courtesy, integrity, and reliability, and work alongside only those Business Advisors who have demonstrated to us that they share a similar mind-set.
At no cost or obligation to yourself, we will put you in touch with a Business Advisor who knows your trade and industry, and, again at no cost or obligation, they will meet with you so that you can ascertain whether or not you want to work with them. It doesn’t have to be today, or tomorrow, or next week, or even next month. If you fill out the form below, we will call you back at the time you specify. No pressure, no hassle. We’ll only contact you when the time is right for you, even if all you want to do at this stage is kick a few ideas around.
THE BENEFITS OF GETTING A BUSINESS ADVISOR INVOLVED
- Access to an up-to-date pool of potential purchasers
Our associates have been around the traps and have their finger on the pulse of who is looking to buy, acquire, or expand. They can match you up with the best potential new owner for your organisation.
- First-hand experience of what makes your organisation desirable to purchasers
We will connect you with an advisor who has a track record of on-selling businesses just like yours. They’ll help you get your company into the best state to attract buyers, and they know exactly what and how you need to pitch to get the best return.
- Ensuring all the legal and financial loopholes are ticked off
This can be incredibly time consuming and draining, especially if you are still operationally active while the sales process progresses. Our advisors know exactly what steps need to be taken and at what stage.
- Have an independent and neutral resource to oversee the sale
Open and honest communication between seller and buyer is essential from the outset. All our associates have done what you need doing many times before. They know exactly where the potential pitfalls lie, and they know exactly how to avoid them.
So, if you feel you may need to talk to somebody about selling your business, whether it’s now or in the future, please feel free to contact us by completing the form below.
Or, simply give us a call on 09 930 8463.
Get In Touch
7/59 Paul Matthews Road
09 930 8463