Businesses Wanted - Criteria Below
Introduction
We have hundreds of active buyers searching for property service-based businesses, and we would love to connect them with you as sellers.
In the dynamic landscape of business sales, the property services sector stands out with remarkable growth opportunities. At Think Acquisition, we specialise in connecting business owners looking to sell with motivated buyers. Whether you are thinking about selling now or considering future possibilities, understanding the current market conditions is crucial.
Who Would Want to Buy My Business?
We work with a range of buyer types, from local trade buyers to industry leaders. It is best to work with multiple layers of buyers to ensure you receive the best offer possible. Finding who wants to buy your business can take time, but the rewards are worth the wait.
Buyers are typically looking to gain further market share, expand geographically, acquire teams, and expand vertically or horizontally to increase the group's revenue and profitability. After decades of success at the private equity level, acquisitions are becoming increasingly frequent in the lower end of the market.
If you didn't already know, we are based in Cardiff, South Wales, but we can complete deals nationwide. So whether you're in the North West, South East, Central London, West Wales, or any other region in the UK, we have you covered.
What Businesses are we Looking for?
Businesses that provide services to the property industry include:
Architecture Practices
Mortgage Brokerages
Surveying Companies
Maintenance Firms
Construction Companies
For businesses that match the above, we are ideally looking for businesses with a turnover of £1,000,000+, a management team in place, steady or growing finances, and in a non-distressed condition.
We do have exceptions to the above, with particular exceptions for property management-based companies. Due to the fantastic valuations property management businesses are able to achieve, we regularly work with smaller companies, as shown below.
Estate and Letting Agents - Minimum of 75 properties under management
Holiday Let Management - Minimum of 30 properties under management
Block & Estate Management - Minimum of 25 blocks/estate under management
How can we Help?
We pride ourselves on providing open, honest advice to all businesses. We will tell you straight whether or not we feel we can sell your business. Our fees are heavily based on selling your business, so if we say we can, and we don't, we lose hundreds of hours of work.
As a company, we ensure our clients are as prepared as possible for every stage of the sale process. We invest a lot of resources in providing guidance and support throughout the entire process while eliminating the day-to-day stress of selling a business.
You can trust Think Acquisition and our team to treat your business like we would treat our own.
Finally, If we feel a sale is not the best option for you, we are connected with the best in the business for a wide range of alternative options. It may be more suitable for you to consider an MBO, EOT or potentially working with a consultant to continue growing your business in preparation for a future sale.
What can you do to Prepare your Business for Sale?
Firstly, think about financials. It would be wise to make your accountant aware of your plans, and if they are inexperienced in selling businesses, instruct a qualified accountant to ensure your past, present and future finances are squeaky clean and best represent your business.
Alongside finances, you should consider all legal aspects of your business, from trademarks to employment contracts, from supplier agreements to data protection policies. If possible, instruct a legal professional to review all agreements before going to market (to sell your business).
If you are not in a rush to sell and have a couple of years to play with, the next best area to focus on is the operationalising of your business. Remove any critical man dependencies and focus on ensuring your employees follow well-thought-out systems and processes.
There are a couple of other key areas to focus on during the preparation phase, which could be covered in a couple of blog posts. We have a preparation-for-sale guide available for a free download upon request.
Conclusion
The decision to sell your business is significant but doesn't have to be daunting. With Think Acquisition, you're supported by people who care and are committed to achieving the best possible results for you. Don’t wait—discover how your business can benefit from the current market trends today!
If you are operating a business that matches the above criteria, contact us; we would love to speak to you.
If you would simply like an open, honest, confidential conversation, please email me personally.
02920 025 852