Milkology Sell Your Business UK

SELLING A BUSINESS TO RETIRE?

Milkology Sell Your Business UK

80,000 SOLVENT BUSINESSES...

Milkology Sell Your Business UK

CLOSE DOWN!

Milkology Sell Your Business UK

WHY NOT CONSIDER SELLING?

Milkology Sell Your Business UK

WE BUY BUSINESSES!

Are you considering Selling A Business To Retire? Do you know someone who is looking to close down a business to retire? Every year, over 80,000 solvent business are closed down. Their directors, over the age of 60, deciding it is time to call it a day and retire.

Don’t do anything until you have spoken with Milkology!

Did you know, ageing baby boomer directors who are now approaching retirement often haven’t even considered an exit strategy? They simply close the doors and wind-up their company rather than sell. Milkology will buy your business from you!

Selling A Business To Retire
A How-to-Guide

We understand that there have been many years of blood, sweat and tears invested in building your business. So why are you considering just closing the doors and throwing away what you have fought so hard to achieve?

When speaking with retiring owners, it is a common misconception that  “It’s not worth anything,” or “Who would want to buy it?”

Well, if you are a business owner thinking about your upcoming retirement then you should contact Milkology. We buy businesses from retiring owners.

We transform the strategy, operations and finances of the businesses we acquire to make them best-in-industry. Far from being an asset-stripping investment company, Milkology bases their acquisition strategy on allowing businesses to keep a level of autonomy to enable them to build on their previous success, keeping their corporate identities.

Selling to Milkology is the easy alternative – We Buy Businesses!

WHAT ARE YOUR OPTIONS?

1, CLOSE DOWN
Company Closed Down

Close the doors for the last time

2, SELL YOUR BUSINESS
Selling A Business To Retire

Leave a legacy

SELLING A BUSINESS TO RETIRE
REAP THE BENEFITS

Selling A Business To Retire - Reap the benefits of retirement

More than 80,000 business owners with a turnover of less than £10m aged 60 and over wind up their solvent business when they could have sold it.

Many of these ageing entrepreneurs could reap the benefits from their years of invested time and resources and have additional money to spend in retirement.

Milkology bases their acquisition strategy on allowing businesses to keep a level of autonomy to enable them to build on their previous success, keeping their corporate identities, retaining their business names and continuing to trade on their fundamental core values.

Dont Assume That The Exit Is The End

Just because you are relinquishing control of the business, it doesn’t have to be the end. As we experience growth, we’ll need successful business people to become our future non-executive director, consultants and associates in building the company to the great height that we anticipate attaining. So, after the sale, if you’re not quite ready for fully retiring we are happy to discuss the possibility of flexible working.

Assuming that you don’t have to leave your business imminently, Milkology can help and support you in identifying the best exit strategy that suits your requirements. This will give you the time that you need to hand over your duties; in addition, it will mean that you will not have to make a knee-jerk decision about your future.

We find that many businesses are 100% reliant on its owner, we provide the transitional support that is required to hand over your business to our new management team. Ensuring your business succeeds whether you step away entirely, or greatly reducing your role.

With the above in mind, give some thought to the potential for selling your business rather than just walking away, it could be very worthwhile.

Selling to Milkology is the easy alternative – We Buy Businesses!

REALISTIC EXPECTATIONS

Selling A Business To Retire - Reality Check

Following the years of building your business, the highs and lows,  you quite rightly deserve to be rewarded.

Being realistic about the potential value of your company and being prepared to negotiate. If you get hung up on a price that is higher than what the company is valued at, you could find you end up with nothing.

When valuing a business there is always a range between what you believe it to be worth and what someone is willing to pay. The final position may well be somewhere in the middle.

What affects business valuation wHEN Selling A Business To Retire?

There are several methods used to reach a sensible figure.

While there are some parts of a business you can value easily, there are always going to be intangible assets.

Beyond stock and fixed assets (like land and machinery), which are tangible and have clear value, we would also look at:

  • The business’s reputation.
  • The value of the business’s customers.
  • The business’s trademarks.
  • The circumstances surrounding the valuation (like a forced sale rather than a voluntary one).
  • The age of the business (think startups making a loss that have lots of future potential, versus established profit-making companies).
  • The strength of the team behind the business.
  • What kind of products you have.

These intangible assets make it fairly difficult to reach an accurate valuation.  However there are a number of techniques we use to make it easier.

Learn more about how we value businesses here.

The key is to make sure that you get a price you are comfortable with. When selling a business you have built from scratch, and which you have a very clear and understandable emotional attachment to. It may take a person with a fresh perspective to prove the reality of the market.

Selling to Milkology is the easy alternative – We Buy Businesses!

DEFERRED PAYMENTS
WHEN SELLING A BUSINESS TO RETIRE

Selling A Business To Retire - Deffered Payment

Deferred payment are common and should be expected by the seller selling business sales that part of the payment received by the seller will be on a deferred basis. This article discusses the best ways to deal with this common type of transaction structure.

Deferred payment has always been part of the market for private company sales. Since the recession of 2008 it has become a more important part of payment terms.

Why Are Deferred Payment Common In Business Purchases?

If you have tried to raise money from a bank in the last few years you can be only too aware that the supply of credit is greatly diminished. This has had an inevitable impact on the market for buying and selling companies. Deferred payments, also known as paying the seller from the future profits of the company, has become common place in business transactions.

Learn more about deferred payments here.

Selling to Milkology is the easy alternative – We Buy Businesses!