When it is time to sell your business, we can help you develop a strategy before you see an Agent. Sometimes the best person to sell your business is you and often your most likely customer will be your competitors. A unique business often involves a unique strategy, ensuring that the right buyers are aware of the purchase opportunity.
Once you have worked out the best way to promote the sale, we can assist you with all the regulatory and legal requirements involved in selling your business. Once you and your purchaser strike a deal, possibly through an Agent, the deal is not necessarily finalised. The Purchaser’s solicitor will generally go through the deal and propose conditions that are in favour of the purchaser.
Some of the conditions imposed by the Purchaser may become a condition precedent. This means that the sale cannot proceed until these certain conditions are met. An example of this may be further lease terms or franchisor or licensor approvals.
Selling a business involves striking a balance between the legitimate concerns of the purchaser and legitimate expectations of the seller. We can use our practical skills combined with our legal skills to ensure that we carefully work through the later stage negotiations to address the purchaser’s legitimate concerns. We will ensure that you are fully informed of all of the proposals put forward by the Purchaser. Our lawyers will work closely with you to get you the best outcome possible from the sale.