The Sales Process
Processes Involved In Selling A Business
First Contact
It is very important at an early stage to ascertain whether the timing is right for sale. Diverco can advise you on an exit plan to suit you in order to maximise a satisfactory outcome.
Face-To-Face Meeting & Exchange Of Company Information
Diverco policy has always been to have early face-to-face meetings at a mutual venue away from your premises if required. We have a network of Regional Directors who cover the whole of the UK and Ireland who will advise you locally on the steps needed to achieve a successful sale. This initial meeting is key to obtain a greater understanding of your business sector, your own personal input, and future growth prospects together with likely potential purchasers.
Setting Out A Sale Agenda
The current time to sell may not be favourable and much work may have to be done before you are in a position to proceed with a sale. This is where Diverco can set out a plan of action to help you structure your time and effort more efficiently into preparing for sale with the aim of maximising value.
Review & Research Into Market Sector
Using the latest market information, a comprehensive database of known serious purchasers, plus over forty years of successful sales, equates to a huge dossier of information to best prepare the sale prospects for your company. Diverco are proud of their Research capability.
Compiling Company Report
Part of Diverco’s strength lies in compiling an individual tailored report, outlining the business in a clear and precise format. This allows potential purchasers a quick and clear insight into your company without breaking any confidences.
Web Site Register & Key Targeted Contact Of Prospective Purchaser
Our online website www.diverco.co.uk has always been a convenient first approach. Information given is always confidential, but outlines the area, sector, turnover and brief description of your business. This allows an excellent opportunity to promote your sale while keeping your company name and identity concealed. Look through our companies for sale list to get a better understanding on how your company could be discretely promoted. Our website capability also runs in parellel with Diverco's huge research capability and internal Data Base of known purchasers.
Purchaser Enquires & Vetting & Exchange Of Confidentiality Agreement
Entrusting your company sale to us, allows you to have total reassurance in knowing that an experienced senior advisor is always there to guide you through all the negotiations to a successful sale. Acting solely for vendor clients we only have their interest at heart with no other hidden agendas or vested interests. Importantly Diverco's hands on service allows you to continue to run your business.
Discussion Of Target purchasers with Vendor
All prospective purchasers are always discussed and cleared with you before any iniital contact or confidential information is released. This allows you to be kept fully informed on who is interested and from which sector.
Offer, Heads Of Agreements, Due Diligence & Contracts
Once an acceptable offer has been made Diverco will prepare Heads Of Agreement for signing by both parties and will manage all negotiations to a successful contracted outcome, and liase closely with respective Solicitors, Accountants and Bankers during the process.
Completion Date
Once the completion and date is set and the contracts have been signed, and monies paid over, then this ends the sale process and the time has arrived to book that well-earned holiday or just put your feet up.
