Selling a
business
Vetta Business Advisory Limited specializes in delivering personalized business sales services, employing a tailored approach to connect clients with suitable buyers. The company places significant emphasis on thorough preparation for the sale, ensuring that clients' businesses are optimally positioned. With a hands-on approach, Vetta Business Advisory Limited actively manages the due diligence and transaction process to facilitate a seamless experience. The team comprises highly experienced consultants adept at selling SME businesses and negotiating optimal values.
Collaboration with clients is prioritized from the outset, allowing Vetta Business Advisory Limited to comprehensively convey the business's value to potential buyers. Offering end-to-end management of the selling process, Vetta Business Advisory Limited enables clients to concentrate on their day-to-day operations while minimizing transaction costs and successfully securing a sale.
Business Sale Service
our approach to marketing is highly process-driven, focusing on generating maximum interest within a short timeframe to secure an optimal range of offers. specializing in the sale of engineering, technology, and b2b service sector businesses, we leverage an extensive network of interested buyers in these domains. our thorough market research enables us to identify and approach strategic trade buyers for your business. once the heads of terms agreement is signed, and the due diligence and transaction process begins, we maintain close contact with both parties, addressing issues promptly to keep the deal on track and minimize legal costs for our clients.
The
Selling
Process
Vetta Business advisory
10 step Guide to selling your business.
- Decision to Sell The vendor decides to sell the business.
- Team Assembly Form a comprehensive business sale team, including a legal advisor, accountant, and a specialized business broker
- Strategic Planning Conduct an initial meeting with the broker to strategize and decide between immediate sale or implementing business improvements
- Engagement Letter Officially engage the chosen broker by signing a Letter of Engagement.
- Preparation and Documentation Begin the Sale Preparation process, providing all essential documentation required for the sale
- Valuation the broker performsa valuation, proposes an asking price, and formulates an effective marketing strategy.
- Buyer engagement and documentation management Manage buyer interactio ns, ensuring qualification and facilitating the exchange of necessary documentation.
- Offer review and negotiation Collaborate with the broker to review offers, negotiate terms, and finalize agreements until an acceptable offer is reached.
- Transaction commencement Draft and sign a heads of terms agreement to initiate the transaction process.
- Engagement Letter Officially engage the chosen broker by signing a Letter of Engagement.
- Preparation and Documentation Begin the Sale Preparation process, providing all essential documentation required for the sale
- Due diligence and successful completion conduct due diligence, negotiate the share purchase agreement, and upon agreement, successfully complete the sale process. celebrate the achievement of a successful transaction
Critical Steps To Address
Prior To Promoting Your
Business For Sale
Enhancing the value of your business before entering the sales process requires strategic prioritization. Key measures include systematically organizing management accounts and executing a comprehensive Due Diligence questionnaire to establish a well-prepared data room. These actions are critical for providing potential buyers with accurate and up-to-date financial information, a pivotal factor in facilitating informed offers.
Ensuring transparency in financial insights is equally vital, particularly for buyers seeking financing. Generating monthly management accounts reports, including a year-to-date Profit and Loss statement, Balance Sheet, Aged Debtors, and Aged Creditors within two weeks of the month-end, is recommended. Streamlining this process with robust bookkeeping practices and accounting software ensures the effortless creation of comprehensive reports, contributing to a well-informed sales journey.
Enhancing the value of your business before entering the sales process requires strategic prioritization. Key measures include systematically organizing management accounts and executing a comprehensive Due Diligence questionnaire to establish a well-prepared data room. These actions are critical for providing potential buyers with accurate and up-to-date financial information, a pivotal factor in facilitating informed offers.
Ensuring transparency in financial insights is equally vital, particularly for buyers seeking financing. Generating monthly management accounts reports, including a year-to-date Profit and Loss statement, Balance Sheet, Aged Debtors, and Aged Creditors within two weeks of the month-end, is recommended. Streamlining this process with robust bookkeeping practices and accounting software ensures the effortless creation of comprehensive reports, contributing to a well-informed sales journey.
Sale preparations
Effective preparation is critical when selling your business. Vetta Business Advisory Limited supports sellers in organizing essential information, creating a detailed Information Memorandum for prospective buyers' informed decisions. Documentation and Information needed for your Kenyan business sale.
- three years of comprehensive accounts
- current order book and a 12-month forecast
- top 5-10 customer list with annual spending
- top 5-10 supplier list and annual expenditures
- asset list with purchase details
- marketing materials and brochures
- 2-3 testimonials with images, contract values, and client feedback
- main competitors and products
- staff details, including roles, salaries, tenure, and qualifications
- pricing structures and charges
- typical client contract with terms and conditions
- premises details, specifying freehold or leasehold, and lease terms
this streamlined approach ensures a well-prepared and targeted business sale process in the kenyan market.