What does this service involve?
How EXITS.co.uk engagements are structured: confidential initial advice, transparent fee arrangements and success-based transaction fees for UK business sales.
What this page covers
An engagement, not a subscription
EXITS.co.uk does not sell listing packages or monthly plans. We are engaged as advisers on a specific transaction, and the commercial arrangement is agreed in writing before any work begins. That approach exists because a business sale is not a product, and because an adviser paid to publish an advertisement has very different incentives from one paid to complete a transaction.
The initial conversation is free
An initial confidential discussion carries no charge and no obligation. That covers what your business is likely to be worth, what a sale process would involve, what preparation would be needed and how long it would realistically take. Many owners have this conversation two or three years before they actually go to market, which is usually the right time to have it.
How transaction fees are structured
Where we are formally engaged, fees are typically structured with the majority payable on successful completion, so that our interests and yours are aligned. Depending on the size and complexity of the transaction there may be an initial engagement fee covering preparation, valuation analysis and information-memorandum work. Full terms of business are provided in writing before engagement and are available on request.
What is not charged for
We do not charge for buyer introductions that do not lead to a transaction, and we do not charge acquirers a fee that would compromise our position as the seller's adviser. Where any third-party cost arises, such as legal or tax advice, it is identified separately and is paid to that professional directly, not through us.
Questions about cost
If cost is the reason you have not yet taken advice, say so on the first call. We would rather explain the likely economics of a transaction openly at the outset than have an owner delay a decision on the assumption that professional advice is unaffordable. Fee arrangements are set out in writing, in plain terms, before anything is agreed.
Discuss an engagement
Speak to Tony Vaughan and the EXITS.co.uk team on 0330 133 2021 or email info@exits.co.uk for a confidential, no-obligation conversation. EXITS.co.uk is operated by Exit Partners Limited.
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