Bookkeeping Service

Prepare your Business for Sale and eliminate doubts the buyer may have about the Business sales and records. The most important priority when selling your Business is getting your records in order for the prospective purchaser.

Everyday we are contacted by Buyers who are investigating Businesses and declining from proceeding due to the lack of information available to them.

Without knowing the facts they are reluctant to proceed, or if they do proceed there is no doubt the price will be significantly lower than you would expect.

Consider the following Questions about your Business.

• Do you Have a Record Keeping System?
• Are you able to present this to a prospective purchaser?
• If you were a Buyer would you accept the Information presented?
• What Business valuation method are you using?
• Do you know the Difference Between Turnover, Gross Profit & Mark up?
• What’s a fair Return on investment?
• How are you validating the Business Records?
• Would your Business benefit from having an organised system?

In almost ALL cases, the purchaser requires the inspection of the business' financial records to evaluate for themselves if it is a viable investment. Simply inspecting a Business does not tell the buyer much apart from the fact that you are operating, for all they know you could be operating at a loss!

Failure to present your Business properly will have 2 effects

• The Buyer will offer a lower price based on information presented.
• The Buyer will buy your Competitors Business.