Buy a business in Manchester by
Transition 360 Partners
A Streamlined Buying Process
There are many routes into business ownership, each with their own strengths and weaknesses; starting an enterprise from the ground up, investing in a franchise, or buying an existing business. Using our 1-2-3-4 step by step process we will offer valuable advice on why buying an existing business might be the best route for you.
Buying an existing business has many advantages! The business will have established foundations, a loyal customer base, marketing, and sales strategies, and a cashflow that you can improve and grow. It can also be easier to get funding to purchase an existing business.
However, there will be disadvantages you need to consider. For example, you’ll still need capital to support an existing cashflow, and you need to understand why the current owner wants to sell the business. It may simply be retirement, but it could also be liabilities such as financial issues, operational struggles or legal issues.
That’s why conducting extensive research and taking due diligence seriously is essential to ensure you make a viable and informed decision.
Consultation: Grasping Your Vision and Valuation
When considering the purchase of an existing business, it’s imperative to make an informed decision. Valuing a business as a buyer and a seller is crucial. There are several methods to understand the worth of a business. At Transition 360 Partners, we have developed a proven process to guide you through:
Consider these key points:
Evaluating Finances: We forensically examine any issues pertaining to earnings, debt, cashflow, etc to ensure as far as possible that you are basing the purchase on sound information.
Business Insights: We assess the business’s age and its current financial health, essential factors for future stability.
Location & Assets: Our team scrutinizes the business’s location, evaluates if the premises is owned or rented, and checks the building’s condition as well as all the assets inside such as plant and machinery – because every detail matters.
Sale Specifics: We help decipher critical elements like owner financing to ensure you’re getting the best terms.
Market Analysis: Identify the best prospects and positioning
Leveraging a robust network of over 65,000+ active sellers and buyers, Transition 360 Partners stands as a beacon in connecting Buyers with Sellers. We combine the prowess of our team with state-of-the-art data prospecting software and an expansive contact database, boasting a reach of approximately 5.3 million contacts. With our substantial base of active sellers, we’re adept at discerning precisely who’s ready to exit their business. Our commitment ensures swift identification, outreach, and alignment of your enterprise with those fervently navigating the exiting terrain.
Once we have found a business that matches your objectives, and we have secured funding for the purchase, it will be time to make an offer.
Skilful Negotiation: Ensuring the Best Terms for You
Once we find a suitable business for buying, you’ll be kept in the loop around the clock. We will oversee all interactions – noting who’s business could fit into your existing portfolio if you are already a company owner, or holding your hand if this is your first time. We will gauge the status of the target business, be involved in the first important discovery telephone call and continue to be by your side at all face to face meetings. We will offer immediate answers to any queries you might have about the progression.
Our adept team remains proactive, capitalising on every potential seller to maximise the chance of you buying a business.
Upon finding a business of interest that resonates with your aspirations, our commitment is unwavering. We’ll meticulously vet potential sellers for genuine interest, ensuring they possess the motivation to sell. Our negotiation tactics are rooted in achieving the optimal purchase result for you, all while maintaining a strategic competitive atmosphere. Once we are happy we will engage with the sellers and our team will meticulously draft the Preliminary Agreement, transparently detailing the deal’s framework, projected timeline, and ensuring a seamless transition as the process culminates.
Completion: Bringing It All Together for a Smooth Transition
At Transition 360 Partners, we pride ourselves on ensuring a straightforward and consistent path to completion. Adhering strictly to the previously outlined Preliminary Agreement, we’re here to assist every step of the way. Whether you come with a team of advisors or seek expert counsel, we have you covered. Our panel of trusted partners in the legal sector is uniquely equipped to oversee and streamline the transaction, presenting all details transparently and free from convoluted industry jargon, ensuring alignment with the pre-agreed terms.
Upon reaching an agreement, we’ll swiftly progress to the Heads of Terms. With all the elements aligned, our focus then shifts towards orchestrating a seamless journey towards the targeted completion date. With us, you’re not just making a transaction, you are achieving your dreams of becoming a business owner.
Fancy a chat?
Contact Details:
Grosvenor House, 3 Chapel Street, Congleton, Cheshire, CW12 4AB
Tel: 0800 0862211