FAQ’s

Maybe…!

That is a vague answer but the certainty comes after having reviewed the terms and making sure the deal is the one that you hope/expect. Taking a breath and seeking advice from professional services providers like lawyers, brokers or accountants will be the best way to get clarity.

Officially no, but then how good are you with understanding legal contacts?

What happens if you sign a document that you have misread or misunderstood?

Eccomerce business sales are generally less complex than other types of business. If you don't have employees or business premises then we would hope to get your sale finished within 6 weeks. If you do have a team or premises then it could be a lot longer due to other parties needing to be involved.

That is up to you, but in our expereince it is always worth looking to see who else might want to buy your business. Having a broker to advise you and take you to market might improve the offer you receive.

All the details will be in the sale agreement, so if you don't know what you're looking for then you may well miss something that could end up being very important.

It is always worth having a strong and experienced advisory team on your side. This is likely to be made up of a combination of experienced corporate finance accountants, business brokers, independent finance advisors, and of course a good lawyer.

No, the entire process can be done remotely. Although we would always be happy to meet in person

Absolutely, most 'deals' will have legal representation on both 'buyer' and 'seller' side. We can't do both sides at the same time, but have plenty of experience of doing each.

There is room to negotiate still yes, but it may not go down well with the buyer. It helps when you can distance yourself a little by having an advisor do some of the talking for you.

It can be days, weeks, months, and in some extreme cases years to complete deals. Although that is not normal for ecommerce business sales.