What happens if I want to sell my business?

See how we can help you

For many business owners, there may come a time when the decision needs to be taken to sell their business.

Whether moving on to pastures new or simply looking to shut-up shop and exit the business, the sale process poses a number of challenges – which is why it is important to seek specialist legal advice.

How to sell a business

Businesses are complex entities and can be sold in whole, in part, or even via a complete restructuring, therefore the process will never be as simple as selling other assets such as a car or a residential property.

It is also essential to understand the most advantageous terms that are likely to be achieved, because this will, in turn, dictate how you prepare the business for sale, market it appropriately and negotiate the sale price.

How we can help

Our friendly, professional and well connected team provide, no nonsense legal advice. No business sale is too complex and are able to offer creative solutions should the need arise.

Thanks to Hethertons’ cross-sector legal expertise, we can deal with every aspect of the sale including employment, property and litigation matters – allowing you to exit your business and enjoy the financial returns you have worked hard to accrue.

To find out how Hethertons Solicitors can help you to sell or dispose of a business, please contact us.

Key considerations for a business sale

If you are planning the sale of your business assets, it is important to take advice on:

  • The valuation of the business
  • The form in which the business is to be sold
  • Fixed Price v Post-completion adjusted price
  • Whether employees or consultants must remain working for the business for a certain period of time
  • Non-compete agreements
  • Confidentiality and Exclusivity agreements
  • Due diligence
  • Finalising the deal

Because selling a business is not a simple process nor something that the average business owner is involved with every day, the process can seem complex and confusing.

But with expert legal help the process can be a lot easier than you might imagine.

What our clients are saying about us

Mrs E, York – NBA HR Services Limited

“Many thanks for the prompt service and professional support – it’s meant a lot to me. Your efforts are much appreciated. I know where to come if I need support.”

Stuart Townsend, Harrogate – Daleside Nurseries

Based near Harrogate and established in 1958, Daleside Nurseries specialises in supplying plants and plant related items to the general public, landscapers and some florists who require specialist items. Co-owned by Managing Director, Stuart Townsend, the business has grown in recent...

Read more

Natalie Huntington, Brackenholme – Munchkins Day Nursery

Located in Brackenholme near the Yorkshire town of Selby, Munchkins Day Nursery is a 35 place nursery school, which also specialises in after school and holiday childcare for up to 25 youngsters. Established in 2011 by its founders and Directors Natalie...

Read more

Sarah Saville, Owner, Little Acorns Day Nursery

Little Acorns Limited is a successful day nursery based in the Clifton area of York. Since opening in 2004, the nursery has expanded in size and today 15 members of staff help to look after almost 100 local children. The business has...

Read more

Tom Hiskey, Founder of The Law Wizard

In 2011 Tom Hiskey co-founded The Law Wizard Limited, a start-up company that provides software to legal firms and probate specialists. The York-based enterprise was a big success and three years later Tom and his business partner Rob Blake decided to...

Read more

Nigel Boyes, Owner, Jean Barrington Ltd

Jean Barrington Limited is a bespoke stationery supplier, set up by Nigel and Jean Boyes 25 years ago. The firm, based in Kirkbymoorside, manufactures a variety of gift stationery and social stationery and now distributes for a number of American companies. The...

Read more

Andrew Walker, Managing Director, White Kite

When Andrew Walker needed legal advice in relation to the sale of his York-based accountancy business he had no hesitation in contacting Hethertons. He had previously had dealings with the law firm through day-to-day work with his clients and approached them...

Read more

Iain Townsend, Stockton-On-Tees – FRP Advisory LLP

The service provided by both Jessica and James was excellent. Any issues/queries were always dealt with promptly with minimal input from me, which allowed me to concentrate on other matters in relation to the Liquidation.

Find out how we can help you

If you would like to contact us, please fill in the form. Alternatively please use the information below to choose which office you would like to correspond with.

York Office: 01904 528200

Tudor Court, Opus Avenue, York Business Park, York, YO26 6RS

Boroughbridge Office: 01423 322940

1 St James Square, Boroughbridge, York, YO51 9AR

If you would like to see full details of our data practices please visit our Privacy Policy and if you have any questions please email dataprotection@hethertons.co.uk.

Want to hear the latest news?

Get the latest updates from us instantly.

Subscribe