Business Buying / Selling Advice
At Roger Boghani tax & business services, we understand the unique needs of small to medium-sized businesses. When it comes to buying or selling a business, it’s crucial to make informed decisions to get the best value. That’s why we offer comprehensive bookkeeping services to support your financial needs. Here’s what you need to know:
Buying a Business
When buying a business, remember that it’s worth what someone is willing to pay. Don’t rush; conduct due diligence. This means gathering and analysing all the information you need to make an informed decision.
Look into all aspects of the business, including finances and other important factors. Get professional valuations for assets and liabilities to reduce risks and increase your chances of success.
The selling price set by the owner can vary. It might be based on past purchase prices, initial investments, or comparisons with similar businesses. Some even use future earnings or the cost of starting a similar business as benchmarks. However, this price might not reflect the true value, so always consider an independent valuation. Additionally, incorporating reliable bookkeeping services into your due diligence process ensures a thorough understanding of the financial health and history of the business, further supporting your decision-making.
Selling a Business
As a business owner looking to sell, you also determine the selling price. You can base it on past prices, your initial investment, or comparisons with similar businesses. Some factors like future earnings or the cost of starting a similar business can also influence the price.
But what you really want to achieve is the actual worth of your business. We can help you to understand the methods are being used to calculate the valuation of business in order to get you the best deal.
We offer assistance with planning and presenting your business as an attractive business offer, which may result in boosting its value. Selling a business involves several stages, and our business expertise can help you present your finances correctly to potential buyers.
Our goal, just like yours, is to help you achieve the best outcome in buying or selling a business. We simplify the process, ensuring you make informed decisions and maximise the potential value of your business. Consider our comprehensive bookkeeping services as part of this process to ensure accurate financial representation.