sale of small business

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  • July 14, 2016 at 4:09 pm #88786
    delta01
    Participant

    hi anyone recommend the best way to sell my small rental / repair / sales business due to retirement ( turnover £60,000 per annum ) est.approx 35 years ago ( last 15 years ran from home )
    thanks John

    July 14, 2016 at 4:26 pm #439393
    Martin
    Participant

    Re: sale of small business

    It depends on the assets of the company. If bricks and mortar are part of the deal then that could well be a valuable asset. If the potential purchaser has to take on existing rental commitments then chances are slim. If existing trained staff are willing to continue employment with the new buyer then prospects of a sale are better. If it’s just a sole trader deal then it’s not worth much, perhaps worse still nothing. If a local competitor would like to purchase the goodwill and customer database then a few quid might be sought.

    In essence it’s either a nice pension pot or pull down the shutters and goodnight all!

    July 14, 2016 at 5:28 pm #439394
    delta01
    Participant

    Re: sale of small business

    hi thanks for your input martin , having said that i heard recently of someone who got £200 per rental account sounds incredible he said he could have sold it several times over, i guess its better to sell to an existing outfit as they know how to manage it
    John

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