SUFFOK, ENGLAND, March 26, 2012 (Press-News.org) Many buyers generate cash from trading and, rather than it earning only bank interest of, say, 3% use that cash to expand by buying other businesses. On average my team is successfully completing 9 or 10 sales every month.
Start with tax advice and do the numbers
Sellers can, with the right professional advice, pay no more than 10% tax on sale proceeds; a rate that compares favourably to income tax at 50%. So far so good, but work out what you are left with after paying tax. What return will you get on that capital? How does that compare to the income you now get from your business? The legal agreement for the sale will say that you cannot compete with your old business for at least two years, what will you do for income in the meantime? Make sure you understand that before starting.
How key are you to your business?
If your business cannot survive without you then it is probably not saleable. Ideally you should have a strong, independent team that will work for a buyer. The closer you can get to that ideal the more likely you are to successfully sell.
Are you willing to stay on?
Most buyers will want you available for a month or two, to introduce them to your customers and hand over. A few months is fine, but sellers find it difficult to stay longer; the buyer will want to run "your baby" his way, and he will treat you as his employee. If that's not for you, say so, early!
Clear up Headaches
If your business has a dispute, get it tidied up, quickly. You can sell a business "warts and all", but most buyers won't want to buy into a headache.
Stay friends with the Buyer
Too many sellers get emotional about selling and regard the whole negotiation as a fight. If you did that with a customer you would lose their business; a buyer is no different. A buyer has to look critically at your business. You have to be open, honest and trustworthy throughout. Keep talking to your buyer, don't "leave that to the lawyers". If you lose the buyer's trust you can expect to lose the buyer.
About Greene and Greene
Greene & Greene in Bury St Edmunds is a long established firm advising individuals and businesses based all over the UK.
For more information contact:
Hannah Ruffles
Marketing Manager
Email:hannah.ruffles@greene-greene.com
Website:http://www.greene-greene.com/
Telephone: 01284 762211
Chris Thomson, Solicitor at Greene & Greene, Offers Advice to Those Thinking of Selling a Business
Despite gloomy economic news, businesses are still selling, for good money. The trick is to find a buyer that is not dependent on substantial bank funding.
2012-03-26
ELSE PRESS RELEASES FROM THIS DATE:
Researchers validate the potential of a protein for the treatment of type 2 diabetes
2012-03-26
Researchers at the Institute for Research in Biomedicine (IRB Barcelona) have discovered that deficiency of a single protein, Mitofusin 2, in muscle and hepatic cells of mice is sufficient to cause tissues to become insensitive to insulin, thus producing an increase in blood glucose concentrations. These are the two most common conditions prior to development of diabetes type 2. Published in this week's issue of Proceedings of the National Academy of Sciences (PNAS), the study validates Mitofusin 2 as a possible target for the treatment of diabetes type 2.
"Resistance ...
Tom and Jerry Games Launches Two New Games
2012-03-26
Tom and Jerry Games, a free game website featuring entertainment inspired by some of the world's most beloved cartoons, has launched two new games, Tom and Jerry Iceball and Jerry Dressup. The two new games add even more depth to the stunning selection of games already present on the Tom and Jerry Games website, which allows parents and children to bond over activities based on animated characters that helped define the childhood of many of today's parents. The games featured on the website, including the new Tom and Jerry Iceball and Jerry Dressup, authentically channel ...
Biomarkers for autism discovered
2012-03-26
An important step towards developing a rapid, inexpensive diagnostic method for autism has been take by Uppsala University, among other universities. Through advanced mass spectrometry the researchers managed to capture promising biomarkers from a tiny blood sample. The study has just been published in the prestigious journal Nature Translational Psychiatry.
There are no acknowledged biomarkers for autism today. Researchers at Berzelii Centre and the Science for Life Laboratory in Uppsala who, in collaboration with colleagues at Linnaeus University in Sweden and the Faculty ...
Study identifies genetic variants linked to fatty liver disease in obese children
2012-03-26
New research found the genetic variant Patatin-like phospholipase domain containing protein-3 (PNPLA3) acting in conjunction with the glucokinase regulatory protein (GCKR) is associated with increased susceptibility to fatty liver disease in obese children. The study, published in the March issue of Hepatology, a journal of the American Association for the Study of Liver Diseases, determined the PNPLA3 and GCKR single nucleotide polymorphisms (SNPs) were responsible for up to 39% of the hepatic fat content in this pediatric population.
Obesity is a global health concern ...
Mario dash Games Launches Three New Games
2012-03-26
Mario Dash Games, a free gaming website offering interactive Flash games based on beloved Nintendo characters such as Mario, Luigi, Yoshi, and Wario, has introduced three new games to its roster: World of Mario, Mario Zombie Explode, and Mario Bubaboom. The three games are consistent with the mission of Mario Dash Games, which is to provide engaging, amusing online games without the cost of an expensive console or the need to buy separate games. Whether you have a few minutes to kill or an entire weekend washed out by rain, Mario Dash Games is an ideal way to beat boredom, ...
Danes top international health study
2012-03-26
Danish consumers are attracting attention in a new international study on healthy heating. More than 3,000 consumers from five European countries were asked whether they are willing to accept national economic interventions to promote healthy eating habits. The results are unequivocal:
Danes have the most positive attitude towards economic interventions within the nutritional area, and are also willing to pay more to eat more healthily, says PhD student Jessica Aschemann-Witzel from Aarhus University, Business and Social Sciences, who is one of the architects of the ...
Archaeologists reconstruct diet of Nelson's Navy with new chemical analysis of excavated bones
2012-03-26
Salt beef, sea biscuits and the occasional weevil; the food endured by sailors during the Napoleonic wars is seldom imagined to be appealing. Now a new chemical analysis technique has allowed archaeologists to find out just how dour the diet of Georgian sailors really was. The team's findings, published in the American Journal of Physical Anthropology also reveal how little had changed for sailors in the 200 years between the Elizabethan and Georgian eras.
The research, led by Professor Mark Pollard from the University of Oxford, focused on bones from 80 sailors who served ...
Synder Filtration to Exhibit Filtration at the International Cheese Technology Expo and ECOAT 2012 in April
2012-03-26
As a leading supplier of membrane technology to the dairy and ecoat industries worldwide, Synder Filtration will be exhibiting at both the International Cheese Technology Expo and ECOAT 2012 next month. Visit booth #344 at the Cheese Expo and the exhibit hall at ECOAT 2012 to meet with Synder's friendly and experienced sales, engineering, and business development staff. Synder's representatives are excited to not only reconnect with current customers, but also forge new partnerships in quality and service. Both flagship products, such as membrane elements and anolyte technology ...
Astronomers put forward new theory on size of black holes
2012-03-26
Astronomers have put forward a new theory about why black holes become so hugely massive – claiming some of them have no 'table manners', and tip their 'food' directly into their mouths, eating more than one course simultaneously.
Researchers from the UK and Australia investigated how some black holes grow so fast that they are billions of times heavier than the sun.
The team from the University of Leicester (UK) and Monash University in Australia sought to establish how black holes got so big so fast. Their research is due to published in the Monthly Notices of ...
Swarming and transporting
2012-03-26
The orange-colored vehicle begins moving with a quiet whirr. Soon afterwards the next shuttles begin to move, and before long there are dozens of mini-transporters rolling around in the hall. As if by magic, they head for the high-rack storage shelves or spin around their own axis. But the Multishuttle Moves® – is the name given to these driverless transport vehicles – are not performing some robots' ballet. They are moving around in the service of science. At the Fraunhofer Institute for Material Flow and Logistics IML in Dortmund, Germany, researchers are working to harness ...
LAST 30 PRESS RELEASES:
What can polymers teach us about curing Alzheimer's disease?
Lead-free alternative discovered for essential electronics component
BioCompNet: a deep learning workflow enabling automated body composition analysis toward precision management of cardiometabolic disorders
Skin cancer cluster found in 15 Pennsylvania counties with or near farmland
For platforms using gig workers, bonuses can be a double-edged sword
Chang'e-6 samples reveal first evidence of impact-formed hematite and maghemite on the Moon
New study reveals key role of inflammasome in male-biased periodontitis
MD Anderson publicly launches $2.5 billion philanthropic campaign, Only Possible Here, The Campaign to End Cancer
Donors enable record pool of TPDA Awards to Neuroscience 2025
Society for Neuroscience announces Gold Sponsors of Neuroscience 2025
The world’s oldest RNA extracted from woolly mammoth
Research alert: When life imitates art: Google searches for anxiety drug spike during run of The White Lotus TV show
Reading a quantum clock costs more energy than running it, study finds
Early MMR vaccine adoption during the 2025 Texas measles outbreak
Traces of bacteria inside brain tumors may affect tumor behavior
Hypertension affects the brain much earlier than expected
Nonlinear association between systemic immune-inflammation index and in-hospital mortality in critically ill patients with chronic obstructive pulmonary disease and atrial fibrillation: a cross-sectio
Drift logs destroying intertidal ecosystems
New test could speed detection of three serious regional fungal infections
New research on AI as a diagnostic tool to be featured at AMP 2025
New test could allow for more accurate Lyme disease diagnosis
New genetic tool reveals chromosome changes linked to pregnancy loss
New research in blood cancer diagnostics to be featured at AMP 2025
Analysis reveals that imaging is overused in diagnosing and managing the facial paralysis disorder Bell’s palsy
Research progress on leptin in metabolic dysfunction-associated fatty liver disease
Fondazione Telethon announces CHMP positive opinion for Waskyra™, a gene therapy for the treatment of Wiskott-Aldrich syndrome (WAS)
Vaccine Innovation Center, Korea University College of Medicine hosts an invited training program for Ethiopian Health Ministry officials
FAU study finds small group counseling helps children thrive at school
Research team uncovers overlooked layer of DNA that may shape disease risk
Study by Incheon National University could transform skin cancer detection with near-perfect accuracy
[Press-News.org] Chris Thomson, Solicitor at Greene & Greene, Offers Advice to Those Thinking of Selling a BusinessDespite gloomy economic news, businesses are still selling, for good money. The trick is to find a buyer that is not dependent on substantial bank funding.