How to Sell Your Business with MDB Taxation & Business Advisors
Selling your business can be a daunting task. You need to find a suitable buyer, negotiate a fair price, and finalise the deal. But you don’t have to do it alone. At MDB Taxation & Business Advisors, we have the expertise and experience to help you sell your business successfully.
We are a leading accountant and business advisor in Australia, specialising in helping small and family businesses. We have helped hundreds of business owners sell their companies and achieve their goals.
We offer a range of services to help you sell your business, including:
Preparing Your Business for Sale
Before you put your business on the market, you need to make sure it is ready to impress potential buyers. You need to have accurate and up-to-date financial records, a clear business plan, and a realistic valuation.
At MDB Taxation & Business Advisors, we can help you prepare your business for sale. We can review your accounting books, identify any issues or risks, and suggest improvements. We can also help you with:
- Valuing your business: Our expert partners can help you with valuing your business based on its assets, income, and market potential. We can also advise you on the best time and method to sell your business.
- Marketing your business: We can help you create a compelling sales pitch and a professional business profile that showcases your strengths and achievements. We can also help you find the most suitable platforms and channels to advertise your business.
- Preparing for due diligence: We can help you gather all the necessary documents and information that potential buyers will want to see, such as financial statements, contracts, licenses, etc. We can also help you anticipate and answer any questions or concerns that buyers may have.
Book an appointment with us today!
Finding the Right Buyer
One of the most challenging aspects of selling your business is finding a buyer who is qualified, interested, and willing to pay a fair price. You don’t want to waste time and money on buyers who are not serious or who are not a good fit for your business.
At MDB Taxation & Business Advisors, we can help you find the right buyer for your business. We have access to a large network of potential buyers, both locally and internationally. We can also help you with:
- Screening buyers: We can help you filter out unqualified or unsuitable buyers and focus on those who have the financial capacity, industry knowledge, and strategic vision to buy your business.
- Negotiating with buyers: We can help you negotiate the best possible price and terms for your business sale. We can also help you deal with any issues or challenges that may arise during the negotiation process.
- Closing the deal: We can help you finalise the sale of your business by preparing and reviewing all the legal documents, such as the contract of sale, the non-disclosure agreement, etc. We can also help you with the transfer of ownership, assets, and liabilities.
How to Prepare Your Business for Sale: Tips from MDB Taxation & Business Advisors
Selling your business is a major decision that requires careful planning and preparation. Here are some tips from our experts on how to prepare your business for sale:
- Start early: The sooner you start preparing your business for sale, the better. Ideally, you should start at least 12 months before you plan to sell. This will give you enough time to improve your financial performance, resolve any issues, and increase your value.
- Be realistic: Don’t overestimate or underestimate the value of your business. Be honest about its strengths and weaknesses, opportunities and threats. Use objective data and market research to support your valuation.
- Be flexible: Don’t be too rigid or emotional about the price or terms of the sale. Be open to different options and scenarios that may benefit both you and the buyer. Be willing to compromise and negotiate in good faith.
- Be discreet: Don’t announce or advertise your intention to sell your business too soon or too widely. This may cause unwanted attention from competitors, customers, suppliers, or employees. Keep your sale confidential until it is finalised.
- Be prepared: Have all the necessary documents and information ready for potential buyers. Be prepared to answer any questions or concerns they may have. Be proactive and responsive throughout the process.