Spider FAQ
  • Selling a Business
  • 1. Is my business saleable?

    In our experience, most businesses are saleable if they are priced correctly depending on the market conditions and are advertised correctly to target enough people in the right sectors.

  • 2. How much is my business worth?

    Ultimately there is no set formula to work out the value of the business and is dependent upon a number of factors:

    • What are the market conditions at the time?
    • What is the net profit of the business?
    • How stable is the business?
    • Can the business be easily replicated?
    • Can the business be expanded?
  • 3. When is the best time to sell my business?

    The best time to sell any business is when it is performing well and making a good net profit, this gives it a good chance to achieve the best price possible.

  • 4. Why use a business broker?

    • A good business broker will be able to advertise your business and target many more people in the right sectors than yourself if you decide to sell it privately. 
    • A broker acts as a buffer between you and the purchaser to make sure the negotiations are handled correctly and the purchaser cannot take advantage of the seller. 
    • Selling a business can be a complex and time consuming process, having a business broker makes the process smoother from the start to completion of the sale.
    • A good business broker will help the purchaser to secure funding and help source legal & accountancy services if required.

     

  • 5. What geographic area will my business be advertised in?

    We will advertise you business to potential buyers all over the UK.

  • 6. What are your fees?

    contact us for pricing on our silver and gold packages

  • Buy a Business
  • 1. Why buy a business?

    Buying a business gives you a chance to be your own boss, control your own destiny, and hopefully make more money.

  • 2. What type of business should I look for?

    You should consider those businesses that you feel comfortable with owning and operating. Another important thing to consider is the time and effort required to make the business a success.

  • 3. Start up or buy an existing business?

    An existing business has a historical track record which can be used to evaluate the business and as most businesses are making a profit  which means you start earning from day one.

  • 4. Why keep the sale confidential?

    Typically, a seller will keep the sale of the business as confidential as possible for the following reasons:

    • ·         It can damage the business if it is known the business is for sale.
    • ·         Competitors could use this information to their advantage.
    • ·         Employees can feel anxiety about their future employment.
    • ·         Owners do not want their sales and profit to be common knowledge.

     

  • 5. What is due diligence?

    This is the process in which you must analyze  the financial records and other parts of the business to satisfy yourself that you have been given accurate information by the seller.

  • 6. Should I hire a solicitor and accountant?

    In most cases, it is good to seek out professionals to oversee the records and sale of the business.

  • 7. Are there any other costs involved?

    Things to consider:

    ·         Cost of the purchase of the business?

    • Any rental deposits required?
    • Any stock purchase required?
    • Any professional fees to be paid?
    • Any refurbishment required?