Selling in the next three years.
Get your business sale-ready and ensure a smooth process
Tax treatment varies according to individual circumstances and is subject to change.
The value of investments and the income they produce can fall as well as rise. You may get back less than you invested.
A well-prepared business is a valuable business.
No matter how far off it may seem, preparing for the sale of your business should always be on your mind, especially once you’ve moved beyond the intense acceleration phase of growth.
From structuring your finances efficiently to ensuring your business is attractive to potential buyers, thoughtful planning now can make all the difference when it’s time to step away. If you’re hoping to sell in the next three years and don’t have a strategy for your exit, then engaging with a financial planner will help you get your business sale ready and maximise its value.
Expert advice
This is how we provide solutions to your problems
If you’re planning to sell your business in the next few years, you’re facing a unique set of financial and personal decisions. We work with many business owners and understand the complexities of balancing your exit strategy with your long-term goals.
By putting the right financial plans in place now, you can maximise the value of your business before the sale and gain clarity on what life will look like for you, your family, and your future.
Understand your ideal “number”
Determining how much is “enough” for you isn’t about your business’s value; it’s about what you need to enjoy the next stage of your life. It all comes down to two key questions: When do you plan to exit your business, and what do you want life to look like afterward?
A plan based on your goals
You’ve dedicated years to building your business, but now it’s time to shift the focus to you. Maybe you’re just two years away from funding that bucket list adventure, or perhaps five more years will give you the financial security you need. Through cashflow planning, we help you establish when the right time is to sell.
Work alongside other professionals
Selling a business involves lots of moving parts and you need advisers who work in tandem with each other to help things go smoothly. When you’re ready, we can put you in touch with any other professional advisers you may need, such as solicitors, accountants and corporate financiers, who we work with regularly.
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Frequently asked questions when selling a business
When is the right time to sell?
There are many reasons to sell a business, both personal and commercial. Some may be looking to retire, while others may want to move on to their next venture.
To maximise the value that you receive from your business, you need to ensure that it is in the right position when selling, which can take time.
Why would I need financial advice?
A financial adviser ensures that your current position is understood and establishes your needs and priorities for the future. You will also need to decide what to do with the sales proceeds, and we can help you navigate the options available to ensure that you do not lose money unnecessarily to taxation.
What professional advisers do I need?
For a transaction of this nature, alongside your financial adviser, you will typically need legal, tax and corporate finance advisers. We can help you build the right advisory team for the transaction to ensure that you get the maximum value out of your business, should you need our support with this.
What questions should I ask myself?
There are so many questions to ask, but some of the key ones include: “Why am I selling my business and what do I want to achieve?” and “Do I want to retire and step away altogether, or do I want to continue to work?” and “Are my management team interested in buying the business?”.
Where do I start?
Spending time working on your business, and not just in your business, is always a good place to start. You should also think about your long-term plans and objectives. The sales process will be busy and will likely bring high levels of stress. Therefore, preparation is key to ensuring you receive the right outcome.
Is selling my business the best option for me?
There is no uniform right answer to this. This depends on what’s important to you, both now and in the future. There are several different options to consider instead of selling your business and we will be happy to talk you through them.
What are the tax implications?
Over the years, there have been numerous changes to the taxation legislation that impact those selling their businesses. Therefore, you must seek professional tax advice and undertake the appropriate tax planning. This will maximise the tax efficiency of your business sale and ensure your wealth is in the most efficient structure following the sale. This way, you can ensure that you do not lose your hard-earned wealth by paying unnecessary tax.
How is the sale structured and what options are available?
There are many ways for a sale to be structured, and this depends on what suits both parties. Offers can be made in cash, cash plus shares in the new company, or cash plus loan notes. They can also be made with upfront payments plus deferred payments, subject to performance expectations being achieved.
Don’t just take our word for it.
In all our negotiations, David has explained things in an easily understood manner, which has made a complex procedure much easier to comprehend. Having never had any experience of the world of finance, I’ve found him supportive and informative.
The whole experience has been professional, friendly and informative. At all times, I could ask the “daft question,” which was really important for me as I was unskilled in this area and needed to trust the person I chose.
David was very thorough and went through every fine detail regarding my private pension. He gave me lots of guidance and different options. David always went out of his way to help me and is extremely knowledgeable.
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Please note:
Kind Wealth does not advise on the setting up of a Family Investment Company. Family Investment Companies would be set up by a third party and Quilter Financial Planning accept no responsibility for this.
Kind Wealth can advise on the underlying investments held within a Family Investment Company.
The Financial Conduct Authority does not regulate tax planning, exit strategies and legal services. Legal services are by referral only.
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