Sell a Business

If you’re considering selling your business, you need an experienced legal expert who can ensure you get the best deal. Compare up to 4 quotes and find the right solicitor for you.

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Sell a Business

How to sell a business

There are a few things to consider when you first start thinking about selling your business in the UK. It’s crucial to accurately value your business to ensure you receive a fair price. Seeking professional advice from lawyers and accountants who specialise in business sales can ensure a smooth and legally compliant transaction. 

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What's the best time to sell a business?

This depends on you and your circumstances. It’s important not to rush the process. The key is to be prepared and to have an excellent solicitor on your side to write up the paperwork and confirm all the details so you can feel confident. 

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How do I buy a business?

If you are looking to buy a business, the key steps are the same – look at all the financial information presented by the company and ensure that you have got legal and financial experts on your side to assess whether this is the right choice for you.  

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Why use The Law Superstore to find a solicitor or legal expert?

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The Law Superstore is the UK’s leading legal comparison site, designed to save you money when looking for a solicitor or any other legal expert. Get instant quotes, compare prices, locations and features and choose the lawyer that’s right for you. And we’re completely free to use.

With over 130 legal services on offer, from divorce to personal injury claims, we can help you get a great deal on your solicitor fees. You compare everything else, why not solicitors?

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All our solicitors and legal professionals are accredited or regulated. They go through a rigorous joining process and must have a redress scheme available, as well as their reviews and financial situation being assessed by our onboarding team. We only work with high quality, experienced legal experts. 

Frequently asked questions

Whilst you don’t legally need to have a solicitor in order to sell your business, a solicitor can provide valuable guidance and assistance throughout the process, ensuring that all legal requirements are met and protecting your rights and interests. A solicitor can help you navigate any potential legal complexities and ensure the transaction proceeds smoothly.

The legal cost of selling your business depends on the complexity of the sale and how your solicitor works out their rates. Sometimes, a solicitor may take a percentage of the business sale value. It’s worth talking to your legal expert about how they charge for business sale work, as well as considering all the other costs like an accounting expert.

Selling a business as a going concern means that the business is being sold with the intention of continuing its operations and maintaining its current customer base. When selling a business as a going concern, it is important to ensure that all necessary assets, contracts, and licenses are transferred to the buyer so that they can continue operating the business seamlessly.

An average timeline for selling a business could be 6-12 months, but you can speed this up by having all of your paperwork and financials in order, picking a great solicitor to help you process all the paperwork and choosing the right time to sell.

Valuing a business involves assessing various factors to determine its worth. One common method is the financial approach, which involves analysing the business's financial statements, cash flow, and profitability.

Another approach is the market approach, which compares the business to similar companies that have recently been sold to determine its value.

The asset-based approach values the business based on its tangible and intangible assets, such as inventory, equipment, intellectual property, and goodwill.

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