The ASC Blog

Who would you sell your business to?

Published 09/04/2015 09:12:56

Imagine a scenario. You have decided to sell your business, and you were hoping to sell it for, let’s say, around £300,000, and there are only two potential buyers. Which offer do you accept?

The first offer is from an individual. They are willing to match the asking price of £300,000. But they haven’t arranged their finances yet, so they need to now sort out a loan in order to complete the purchase.

The second offer is also from an individual, they are only offering £280,000, but already have proof from a financial institution that they have a loan in place, so they will just need to dot the Is and cross the Ts.

I’m not sure about you, but I’d definitely lend a lot of weight to the second offer. (Obviously, if there was a third offer of the full amount in cash up front, we would probably take that, but sometimes you don’t get dealt such a good hand!). Although it is for slightly less, just having proof of finances is already a reassurance that the deal is much more likely to go through, and much quicker too.

And you should adopt a similar attitude if you are looking to buy a business. Having proof of funds in advance of an offer can sometimes make the difference, and can put you in a stronger negotiating position to boot!

So if you are looking to buy a business, then it is worth speaking to ASC, a commercial finance broker with over 40 years’ experience. With our successful track record, we can arrange finance to buy a business, commercial finance, development finance, asset finance, working capital and more.

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Why ASC?

You already know that arranging business finance can be a tricky experience.

We appreciate that your time is precious. With our extensive knowledge of business finance available in today’s SME market we can approach the lending institutions that are right for your business finance needs. You will be saved from the frustration of endless form filling, repeated conversations with numerous lenders, and save you from having to provide each different lender stacks and stacks of information.

Our job is to remove the ever increasing number of hurdles that are put in your path, by arranging business finance or commercial finance for you in a time-saving and more efficient manner.

ASC have been established for over forty years and we have experienced more recessions and ups and downs in the economy then we care to remember. Due to our clear focus on independent businesses and entrepreneurs we have developed a track record which is envied by our competitors. You will deal directly with an experienced Director who has a strong commercial background and real experience enabling him or her to find the business finance which is just right for your business.

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