Selling your company with BrightOrange
Selling your company is probably a once-in-a-lifetime experience. That’s why proper preparation, the right approach, and relevant knowledge are essential. At BrightOrange, we have been guiding entrepreneurs through this extensive process for over 25 years, in a personal and knowledgeable manner. A dedicated deal team will guide you through the entire process, from the orientation phase to toasting to a successful deal. Thanks to our extensive knowledge and experience in financial, tax, and legal matters, we can take care of everything for you, allowing you to focus on running your business in the meantime.
Why sell your company?
There are various reasons for wanting to sell your company. For some, it’s a conclusion to a wonderful career, for others, it’s the start of something new. From experience, we know that each situation requires a different approach. That’s why guiding your sales process is always tailored to your specific situation. At BrightOrange, we have the knowledge and experience in various situations and industries, allowing us to provide you with good advice and guidance, tailored to your needs.Read more about our working method
When to sell your company?
Timing is everything when it comes to selling your company. Not only do you need to be ready to sell your business, but your company also needs to be in good standing. Therefore, good preparation is crucial. How is your company doing administratively, financially, fiscally, and legally? And what else needs to be done to achieve the optimal result?Contact us
Selling your company can take anywhere from six to nine months. Before you pop the champagne at the notary’s office, we’ll go through the following steps together.
We always start with an inventory of your wishes, goals, and expectations regarding the sale of your company. We also collect all relevant company data and look at developments in your industry and the market. We then make an analysis and see if your company is ready for sale.
Pricing and information memorandum
Based on the analysis, we choose the most appropriate method to calculate the value of your company. You also decide whether you want to continue the sales process. We create an Information Memorandum to inform potential buyers about your company. After reading it and any additional information, potential buyers indicate whether they are interested.
We then negotiate the selling price of your company with potential buyers. Usually, we negotiate with several interested parties. When we agree on the offer and the payment method, we sign a Letter of Intent (LOI) together.
The buyer starts an extensive investigation into your company: Due Diligence. You will need to provide a lot of information, such as historical data, legal documents, and the fiscal situation of your company. We use a secure digital data room for this.
Final acquisition terms
After the Due Diligence investigation, we will meet again to negotiate the final acquisition terms. The buyer based their earlier offer on certain assumptions and, through the Due Diligence investigation, has checked whether they are correct. If we agree on the final acquisition terms, we start with the contract negotiations.
Contract negotiations and transaction documentation
In this phase, we negotiate various contracts necessary for the transaction, including the purchase agreement. An important part of this negotiation is the risk distribution between you and the buyer. The buyer may ask for guarantees and indemnities for risks they see.
The contract negotiations are complete, the transaction documentation is in order, and the funding for the purchase price has been secured. It’s time to close the deal! Together with the buyer, we will go to the notary to sign the documentation. Then we will toast to a successful deal.
We have years of experience and a vast network of potential buyers. But what sets us apart is our personalized approach. A dedicated partner and consultant(s) will be available to you throughout the entire process. Clear information, timely communication, and regular meetings – we work closely with you. While you focus on your daily activities, you can trust us to monitor and manage the process with care.
- Personalized approach
- More than 25 years of experience
- Extensive network
- Access to various databases
- Member of professional associations
Frequently Asked Questions about selling a business
What should you consider when selling a business?
When selling a business, there are several factors to consider. You need to be prepared for the sale, and your business needs to be in good shape, both financially and legally. Dependence and value drivers are also critical. We are happy to assist you with a detailed analysis.
What about employees when selling a business?
When selling a business, the buyer is obligated to take over all employees, including their contracts, rights, and obligations, including sick employees. It is important to inform your employees about the sale, and we can provide you with advice on how to handle this.
How do you determine the value of a business?
Before selling your business, we will conduct a professional business valuation. The value of your business depends on expected cash flows and risks. It is important to note that the economic value is different from the final sale price, which is negotiated with the buyer.
Can you sell a business to an employee?
You can definitely sell your business to an employee through a Management Buy Out. This involves selling (part of) your company to the current management. The advantage is that you already have a relationship of trust with the buyer, but there are also things to consider.
Can you transfer your business to your child?
If you want to transfer your business to your child, good preparation is essential. There are different options: a regular sale, phased sale, or a gift.
What types of buyers are there?
There are generally five types of buyers: financial buyers, strategic buyers, private equity, employees, or a family member. Each type of buyer is different and will have an impact on the negotiation process. Therefore, it is essential to research the different types of buyers to determine which one is best suited for you and your business.
Want to know more about Bright Orange?
Would you like to know exactly what it is we do, what drives us and which professionals you would be contacting? In other words, would you like to know what Bright Orange stands for? We would be happy to elaborate!More about us
Contact our partners
“I love working with passionate entrepreneurs to achieve the optimal result. It gives me energy to assist them in this important and emotional process. At BrightOrange, we work with a fine team of professionals, in which we complement each other well. In addition, I get the space to apply my interests and qualities on a daily basis when assisting the transactions.”
Likes to paddle and plays music at parties.