1. Begin preparing for the sale well in advance
A corporate acquisition begins by preparing the business for sale. Before going through with the sale, the business must be in good overall order and not dependent on the current owner.
- Before selling, it is worth going through the balance sheet and removing anything that is not the company’s core business.
- Ensure that the company’s contracts, processes, products and financial management are carefully documented and archived.
- We also recommend writing a sales brochure that contains basic information about the business, its organisation, the market situation, products and most important customers and suppliers.