sale of small business

[delta01]

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

[Martin]

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!

[delta01]

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

[Author]

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