Forget your wedding day, the sale of your business could be one of the biggest moments in your life, so don’t leave anything to chance.
The phrase - 'how long is a piece of string?' comes to mind for this one..
But it’s a valid question that business owners will want to know before they embark on the path of selling or buying a business. In terms of the actual deal itself, it can take anywhere between 6 and 9 months. The length of time it takes varies depending on several factors. The size and complexity of the business, market conditions, the level of interest from potential buyers, and the readiness of both the seller. With the right preparation, an eye for the details and well-structured plan business plan, business owners can increase the chance of a timely sale. Ultimately though, the time it take is unique to each individual case.
There are plenty of websites out there that reduce valuing a business down to a few easy sums.
But the truth is, it’s not that simple. There’s much more involved to give you the all-important number. The main element that sets you on the right path is using someone who understands your business, inside and out. A more useful question is what affects the value of the business? Turnover, profit, debt levels, customer base and demand all play an important role in the value of a business. But there are also plenty of external factors that are less concrete such as market conditions and the state of the industry you’re in. In essence, valuing a business takes lots of consideration and there are tonnes of variables that influence it. A lot of businesses will need a valuation at some point – whether it’s to seek investment, to prepare for sale or to even work out how a business will be split if one of the owners decides to part ways. With our legal and corporate finance team, we’re able to assess your business, take a look behind the curtain and dig into the numbers so we can give you a realistic value for your business.
Speak to an expert
Rachel DuncanLegal Director
Speak to Rachel Duncan
Rachel DuncanLegal Director
Meet Rachel Duncan, our Legal Director.
Rachel singlehandedly launched the legal part of our offering back in 2019, and since then has worked with businesses of all shapes and sizes.
With over 20 years of experience, Rachel is a specialist in all the things your business will need: from business sales and purchases, due diligence, company restructuring, commercial contracts and commercial leases (the list just keeps going).
To keep things simple, Rachel likes to be known as a ‘Business Lawyer’.
Her experience and commercial know-how mean she goes on the journey with our clients, supporting them with all the various legal ups and downs along the way.
When she’s not keeping everyone at A+L in check, Rachel is a skier, runner and theatre fan.
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