o what does the local dentist do in the UK, when he wants to sell his business? Does he put a “business for sale” sign on the door or put an ad in the local paper? Is it by word of mouth? What does he do if he has several dental practices for sale? How does he know he is getting the best price? Does he sell it all together or separately? What are all the legal ramifications?
The first step for any person in the UK trying to buy or sell a business is to get in contact with a reputable Business Brokers who has been trained to know specifically about that type of business and hires experts to give guidance for the details of that specific business. They need to be well educated, be able to give a fair market value price to both the buyer and seller, and also needs knowledge of hiring for that specific business. Residential care home sales are certainly different than an Accountancy Practice for Sale. Different certifications, laws and codes need to be met. One is medical, and may need to meet a lot more stringent laws for the care of people. Has anything been bypassed? What is the history of the business? All this needs to be thorough investigated and clearly written out for both the buyer and seller to have the full and complete information.
So whether you are looking to buy or sell a business in any type of private practice, an architecture practice, or multiple legal and solicitors practices sales brokerage partnership is the best resource and investment for both sides.