The reasons that a business owner might look towards
selling their business are many and varied - with the choice
potentially being triggered by an expression of interest, or simply
a decision based on the ripeness of the market. Sometimes, the sale
is forced on a business owner due to circumstances outside their
control or having come out of a dispute between business
partners.
To get the most value for your business, prior to having
lawyers draw up any contracts, it is important to conduct due
diligence on your business in order to ensure that it is ready for
sale.
Below are Coleman Greig's top 5 tips for getting your
business 'sale ready'.
- Review
Reviewing what you currently have in place, and in turn what you
actually have that you can sell, is critical. This will often form
part of a purchaser's due diligence.
