SELLING SUCCESSFULLY WITH M3

When Nick Scanlan decided to sell his successful furniture company in order to retire, M3 ensured he got the best possible price for the business. Abbey

Gloucestershire-based Abbey Furnishings is one of the countrys leading suppliers of quality contract furniture to the leisure industry. It has a turnover of about £2 million and its clients include leading pub and hotel chains Greene King and Punch Taverns.

M3 valued the company, identified potential purchasers, helped with negotiations and project managed the sale through to completion.

"M3's record speaks for itself," said Nick. "They found a couple of interested parties very quickly and helped us sell the business within just a few months “ for the price we had hoped for and wanted."

M3 director Matt Oliver said: "We have extensive experience of successfully selling businesses and have an enviable reputation for achieving the best possible terms and obtaining prices that often exceed vendors' expectations."

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M3 LAUNCHES ACQUISITION SERVICE

M3 has joined forces with executive recruitment company Moon Consulting to launch a new service for senior executives looking to buy their own business.

The joint initiative is aimed at senior managers and directors with entrepreneurial aspirations who want to escape the treadmill of corporate life and have money to invest in a business.

M3 will work closely with Moon Consulting's clients to identify potential acquisitions, help raise any additional capital to fund a management buy-in, and provide transaction support and advice.

M3 director Mark Crossfield said: "The service is designed to help would-be entrepreneurs who have climbed the corporate ladder but now want to take control of their own destiny and acquire a controlling stake in a business.

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For more information contact 0845 2700345 or email info@m3cf.co.uk

SUCCESSION PLANNING

M3's Matt Oliver says a management buy-out (MBO) or management buy-in (MBI) can be particularly effective solutions for smaller firms with succession issues.

"Too many smaller business owners put in years of hard work only to throw away the fruits of their labour when they retire. One possible solution is an MBO which can ensure the long-term survival of a business and maximise its value."

An MBO offers a number of other benefits:

The handover of the business is usually completed much more quickly than a sale.
Business owners don't have to disclose confidential information about the company to potential buyers.
There is limited disruption to the day-to-day operation of the business.
Owners can feel confident that they are handing over their business to a trusted team with a proven track record.

Owners should begin planning an exit several years before they plan to sell the business to increase their chances of a smooth succession."

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For more information call 0845 2700345 or email info@m3cf.co.uk.

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