Bernard Baxter is committed to providing an efficient, structured and professional approach to selling your business. Please find below a series of steps that describes the end to end process of selling your business.
Business Sale Step by Step
- You decide that you wish to sell your business.
- You contact Bernard Baxter Business Brokers.
- A Bernard Baxter lead consultant discusses your business and highlights our service and process.
- Bernard Baxter then performs market research and calculates a valuation, free of charge.
- You decide that you want to proceed with Bernard Baxter to sell your Business.
- A Business Brokerage agreement is then signed.
- You provide Bernard Baxter with the company information (Annual Accounts, Asset list etc).
- A Sales Memorandum is prepared by Bernard Baxter Business Brokers.
- Bernard Baxter Business Brokers advertises your business for sale confidentially.
- Bernard Baxter Business Brokers undertakes market & database research to locate, approach and qualify targeted purchasers.
- Confidentiality agreements are secured with prospective purchasers, prior to any further information being provided.
- Bernard Baxter manages all communication with the prospective purchasers and responds to questions.
- Bernard Baxter reviews all business purchase offers with you.
- A buyer is selected to move forward with regards to the purchase of the business.
- You accept a successful offer for the acquisition of your business.
- A discreet buyer visit is arranged by Bernard Baxter.
- The buyer performs buyer due diligence.
- You appoint a legal representative.
- A Heads of Terms Agreement is drawn up by your legal representative.
- Further Buyer Due Diligence and sales negotiations take place, managed by Bernard Baxter.
- A Sale & Purchase Agreement is drafted by your legal representative then signed by the you and the purchaser.
- The Business sale has now been successfully completed, by Bernard Baxter effectively managing the sale of the business.