Ideal Client Profile for selling your business:
• Turnovers £1 million per annum and upwards
• Profitable
Positives:
• Goad customer base - quality, sustainability, longevity (ideally not over reliant on one or two main customers)
• Potential for growth
• Cash generative
• Dependable income streams (service/maintenance contracts or long term relationships)
• Scarcity value (geography, brand name, patents, bespoke products etc.)
Negatives:
• Serious litigation
• Legislation or industry changes that could impact negatively on the business
• Debt - serious, significant debt that can't be restructured
• Skeletons in the closet which may hinder the sale
• Over reliance on the owner-the owner may stay on for a period after the sale which can help where this situation occurs