Selling a business - who to talk to?
Discussion
Good friend of mine is thinking of selling his business and has asked for advice, which having never sold a business I'm lacking! His company is well established (over 10 years), about £700k T/O with net profit of £100k. Good loyal client base and a good order book. As far as I can see he has cash in the bank and everything is ticking along nicely. He has a genuine reason to sell but I don't want to mention it on here though (equally nothing to worry about!)
He mentioned KBS Corporate which I've never heard of. They seem to be OK looking at their site, but web sites can be deceptive! Their fees are £5k up front and 4% of the final sale value. They've valued it currently at anywhere between £350k - £500k + cash in bank at a given date with stock to be negotiated based on a two year exit strategy.
Anyone had any experience of this type of transaction or any companies that might help?
He mentioned KBS Corporate which I've never heard of. They seem to be OK looking at their site, but web sites can be deceptive! Their fees are £5k up front and 4% of the final sale value. They've valued it currently at anywhere between £350k - £500k + cash in bank at a given date with stock to be negotiated based on a two year exit strategy.
Anyone had any experience of this type of transaction or any companies that might help?
Gassing Station | Business | Top of Page | What's New | My Stuff