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Acquiring a Business
There are three main types of client who need our assistance to acquire a business.
Many people find that the best way to grow is to buy an additional business which dovetails successfully into their existing operation.
In addition, there are people who want to own their own business, but do not want to start from scratch and would rather find a target business to get them into the marketplace, with a view to growing and expanding that business.
Meanwhile, many business owners are looking at succession issues, and a management buy-out / buy-in can effectively pass the business onto the next generation, taking it forward into the future.
The main problems facing these entrepreneurs are:
- Understanding the business they are buying
- Being able to attach a value to what they are buying
- Identifying business weaknesses and working to eradicate these problems
- Raising finance to buy the business and working capital to run the business.
Burrow & Crowe provide peace of mind to our clients with our range of business services, which includes:
- Business valuations – By producing our valuation of the business the client can ascertain whether the asking price is reasonable.
- Financial due diligence – We produce a report to help our client understand the business they are buying, including the strengths and opportunities as well as the risks and weaknesses.
- Business planning and cash flows – By helping our client produce a detailed business plan and financial model, the borrowing requirements of the business can be ascertained, and various business performance scenarios explored.
- Finance Recommendations – We will advise our clients of the business funding requirements and assist them to find suitable lenders.
These services allow our clients to buy the business confident in the knowledge that they have full information on how the business operates and how they can drive it forward.
