5 things to consider when selling a business
12th September 2017
Selling a business takes a lot of research and preparation, almost as…
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We are one of the UK’s leading small business broker based in Bolton, Greater Manchester
Each year we sell more businesses and are constantly raising the bar for other brokers out there.
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What can I say about Hilton Smythe what a fantastic company to work with they worked none stop on my behalf and my company. They responded to every request that was put in front of them they worked extremely hard. The staff have excellent knowledge of how to resolve problems and efficiently.
Seller of newsagent in Lincolnshire.
There are over 11,500 Post Offices nationwide. So there are usually a good number for sale at any one time.
If you currently run a Post Office but fancy a fresh start, then you’ll need expert advice to stand out from the crowd and attract a suitable buyer. Hilton Smythe has sold hundreds of local Post Office branches. We have the expertise to sell your business confidentially.
Why are you selling up?
You don’t always have to disclose why the business is for sale, but it can encourage buyers to find out more if there is a good reason for the sale. The most common reason people sell their Post Office or other business is to retire. Running a business is hard work so once they’ve earned enough, many business owners sell up and retire.
There could be unforeseen circumstances which have contributed to the sale. This could be a period of ill health, or personal family reasons. Whatever has influenced your decision to sell, you need to choose a trusted broker who can get the best price for your business.
Market appraisal
The first step is to get your Post Office valued by a business consultant. Also known as a market appraisal, this will make sure you understand the true value of your business, and possibly how you could improve it.
One of our qualified consultants will visit your premises to carry out a free valuation. This includes taking measurements in the property and looking over the last three years of accounts. This is also a great opportunity to ask any questions about the process you have, and for us to explain our services in more detail. By the end of the appraisal you’ll have a good idea of an asking price and should feel confident in finding a buyer.
No hidden fees
It’s important to understand the cost of selling your business before agreeing to list it. We like to do things differently at Hilton Smythe – we’ll tell you up-front exactly what fees you’ll be expected to pay and when.
We pride ourselves on being open and honest with sellers from day one. We’ll always be honest with you about costs and the expected timescale of the sale.
Are you ready to sell your Post Office? Contact us via email or give us a call to arrange your free, no obligation market appraisal.
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