Selling a Business or Property
Step 1 - Deciding to Sell
The decision to sell is one of the most important you are likely to make so it is vitally important you receive the very best advice. At GPS we believe in creating long term relationships with our vendors - after all who knows what business or investment you might buy or sell next!
Step 2 - Free Market Appraisal
We offer a totally free market appraisal, which is of course without any obligation to proceed. We will provide not only advice on likely selling price, but also on target market, current conditions and likely demand.
Step 3 - Marketing Plan
Once you have made that all-important decision to sell, we will prepare and discuss with you the marketing plan. There are various ways businesses and properties can be sold and only some may be applicable to your situation.
Step 4 - Sales Particulars
The next stage will be to prepare a detailed set of sales particulars for your business or property. These will include colour photographs, a description of the property, floor plans, virtual tour, location, as well as financial highlights and of course the price. We will ask you to approve each section of the sales particulars, so that we know you are entirely happy with their contents.
Step 5 - Retained Clients
We are retained by several organisations (and increasingly, individuals) to search for suitable businesses and/or premises to help their expansion. Should your business fit their exacting criteria, we may be able to sell your business ‘off market’ and at no cost to you.
Step 6 - Negotiating A Sale
Once we have an interested buyer, we will use all our experience and skill to negotiate the deal on your behalf. This may be simply a matter of obtaining the best possible price, but there are often other factors to consider, such as timeframe, conditional deals and apportioning sales proceeds.
Step 7 - Sales Memorandum
Once all the finer details have been negotiated, we will put together and distribute a sales memorandum (or Heads of Terms). This sets out who the relevant parties are, the asset being sold and the conditions of the sale.
Step 8 - Working To Exchange
It can be said that the real work begins only once a buyer is found! From the point at which an offer is received until ‘exchange of contracts’ (when the deal becomes legally binding) we will work with both parties, their solicitors, accountants, landlord (and their solicitor) and other officials to ensure the deal stays on track.
Step 9 - Completion
The day has arrived! Now we can help you with your next acquisition, or possibly a place in the sun to relax…
