{"id":107,"date":"2018-03-22T17:37:09","date_gmt":"2018-03-22T17:37:09","guid":{"rendered":"https:\/\/www.weybrookbusinessbrokers.com\/news\/?p=107"},"modified":"2018-03-22T22:00:02","modified_gmt":"2018-03-22T22:00:02","slug":"information-will-need-compile-selling-business","status":"publish","type":"post","link":"https:\/\/www.weybrookbusinessbrokers.com\/news\/information-will-need-compile-selling-business\/","title":{"rendered":"Information you will need to compile when selling your business"},"content":{"rendered":"<p><strong>Information Required When Selling Your Business<\/strong><\/p>\n<p>Once you have decided to sell your business you will need to put together an information bank. The more preparation you do up front, the smoother the selling process will be and you will be less likely to face hiccups and delays during the due diligence process.<\/p>\n<p>Listed below is the key information that you should put together:<\/p>\n<p><strong>Financial<\/strong><\/p>\n<p>\u2022 Annual accounts (At least 5 years, this is essential information to have up front)<\/p>\n<p>\u2022 Up to date profit and loss account, balance sheet and cash flow forecasts<\/p>\n<p>o Details of the cost base and administrative costs<\/p>\n<p>\u2022 Details of any loans and outstanding debt\u00a0\u2022 Forecast for next year and if available a 5-year plan<\/p>\n<p>\u2022 Details of assets owned (property, vehicles, machinery, stock, fixtures and fittings)<\/p>\n<p>\u2022 Stock at value\u2022<\/p>\n<p>. Details of accounting infrastructure<\/p>\n<p><strong>Sales<\/strong><\/p>\n<p>\u2022 Sales figures; split by:o Revenue and volume\u00a0o By product \/ service type<\/p>\n<p>o Key customers<\/p>\n<p>o Forecasts for the next year and the remainder of this year<\/p>\n<p>\u2022 Key Customers<\/p>\n<p>o Sales<\/p>\n<p>o Contract details<\/p>\n<p>o Length of tenureProducts and services<\/p>\n<p>\u2022 Details of key products and services provided<\/p>\n<p><strong>Suppliers<\/strong><\/p>\n<p>\u2022 Key suppliers<\/p>\n<p>o Turnover<\/p>\n<p>o Contract terms<\/p>\n<p>\u2022 IT and infrastructure<\/p>\n<p><strong>People<\/strong><\/p>\n<p>\u2022 Details of staff<\/p>\n<p>o Numbers of staff including directors<\/p>\n<p>o Job roles and descriptions<\/p>\n<p>o Organogram<\/p>\n<p>o Names of staff (brief biography and tenure details)<\/p>\n<p>o Salary and benefits details<\/p>\n<p>o Contracts<\/p>\n<p><strong>Legal<\/strong><\/p>\n<p>\u2022 Details of company legal status<\/p>\n<p>\u2022 Shareholders details ( all shareholders need to be in agreement to sell)<\/p>\n<p>\u2022 Details of contracts and leases<\/p>\n<p>\u2022 Details of outstanding judgements or legal issues<\/p>\n<p>\u2022 Details of intellectual property rights and copyright<\/p>\n<p>\u2022 Registered brands and domain names<\/p>\n<p><strong>Premises<\/strong><\/p>\n<p>\u2022 Property details<\/p>\n<p>\u2022 Owned or rented. \u2013 leases and deeds\u2022 Tenure<\/p>\n<p>\u2022 Co-tenants \/ agreements<\/p>\n<p><strong>Sales and Marketing<\/strong><\/p>\n<p>\u2022 Website, social media &amp; domain details ( webmaster, domain name, hosting details)<\/p>\n<p>\u2022 Sales and Marketing plan details &amp; costs<\/p>\n<p>\u2022 Images and packaging details <strong>( provide good images to help sell your company)<\/strong><\/p>\n<p>\u2022 Data \u2013 what data do you hold and what is your <strong>GDPR<\/strong> plan?<\/p>\n<p>This list is not exhaustive, but if you can provide the majority of this information you will be very well placed to sell your company. If you don\u2019t have it up front, you will more than likely be asked for all or most of it by a prospective purchaser. Failing to provide it, could slow down, or even halt your sale!<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-9 aligncenter\" src=\"https:\/\/www.weybrookbusinessbrokers.com\/news\/wp-content\/uploads\/2017\/08\/no-image-full-front-end-300x180.jpg\" alt=\"\" width=\"300\" height=\"180\" srcset=\"https:\/\/www.weybrookbusinessbrokers.com\/news\/wp-content\/uploads\/2017\/08\/no-image-full-front-end-300x180.jpg 300w, https:\/\/www.weybrookbusinessbrokers.com\/news\/wp-content\/uploads\/2017\/08\/no-image-full-front-end.jpg 500w\" sizes=\"auto, (max-width: 300px) 85vw, 300px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Information Required When Selling Your Business Once you have decided to sell your business you will need to put together an information bank. The more preparation you do up front, the smoother the selling process will be and you will be less likely to face hiccups and delays during the due diligence process. Listed below &hellip; <a href=\"https:\/\/www.weybrookbusinessbrokers.com\/news\/information-will-need-compile-selling-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Information you will need to compile when selling your business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":112,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Information you will need to compile when selling your business - Weybrook Business Brokers News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.weybrookbusinessbrokers.com\/news\/information-will-need-compile-selling-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Information you will need to compile when selling your business - Weybrook Business Brokers News\" \/>\n<meta property=\"og:description\" content=\"Information Required When Selling Your Business Once you have decided to sell your business you will need to put together an information bank. 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Listed below &hellip; Continue reading &quot;Information you will need to compile when selling your business&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.weybrookbusinessbrokers.com\/news\/information-will-need-compile-selling-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Weybrook Business Brokers News\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-22T17:37:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-03-22T22:00:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.weybrookbusinessbrokers.com\/news\/wp-content\/uploads\/2018\/03\/Business-Graph-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"608\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rupert Trevelyan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rupert Trevelyan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/information-will-need-compile-selling-business\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/information-will-need-compile-selling-business\/\"},\"author\":{\"name\":\"Rupert Trevelyan\",\"@id\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/#\/schema\/person\/2c417b30dc491a7e793e688431b60be0\"},\"headline\":\"Information you will need to compile when selling your business\",\"datePublished\":\"2018-03-22T17:37:09+00:00\",\"dateModified\":\"2018-03-22T22:00:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/information-will-need-compile-selling-business\/\"},\"wordCount\":398,\"image\":{\"@id\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/information-will-need-compile-selling-business\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/wp-content\/uploads\/2018\/03\/Business-Graph-1.jpg\",\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/information-will-need-compile-selling-business\/\",\"url\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/information-will-need-compile-selling-business\/\",\"name\":\"Information you will need to compile when selling your business - Weybrook Business Brokers News\",\"isPartOf\":{\"@id\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/information-will-need-compile-selling-business\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/information-will-need-compile-selling-business\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/wp-content\/uploads\/2018\/03\/Business-Graph-1.jpg\",\"datePublished\":\"2018-03-22T17:37:09+00:00\",\"dateModified\":\"2018-03-22T22:00:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/#\/schema\/person\/2c417b30dc491a7e793e688431b60be0\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/information-will-need-compile-selling-business\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.weybrookbusinessbrokers.com\/news\/information-will-need-compile-selling-business\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/information-will-need-compile-selling-business\/#primaryimage\",\"url\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/wp-content\/uploads\/2018\/03\/Business-Graph-1.jpg\",\"contentUrl\":\"https:\/\/www.weybrookbusinessbrokers.com\/news\/wp-content\/uploads\/2018\/03\/Business-Graph-1.jpg\",\"width\":900,\"height\":608,\"caption\":\"Stock market graph and business financial data on LED. 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