25 tips for selling your business in 2025

Selling your business is a big step, and if you’re planning to make 2025 the year you sell, preparation is key. We’ve put together our 25 tips that will help you get your business sale-ready and ensure a smooth sale process.

1. Get your finances in order

Make sure your accounts are up-to-date and accurate. Buyers will want to see at least three years of financial records.

2. Organise your contracts

Review all contracts with suppliers, customers, and employees. Ensure they are valid and assignable to a new owner.

3. Work with a business broker

Business brokers will provide a professional valuation and help market your business to the right buyers in each sector.

4. Tidy up your legal paperwork

Ensure all your legal documents, including licences, registrations, and certifications, are up-to-date.

5. Sort out your property arrangements

If you own or lease property, make sure your agreements are clear and ready for transfer or renegotiation.

6. Make sure your data is protected

Ensure you have the right policies, and practices, in place to collect and protect your data. Handling data can be key to the success of future performance.

7. Address any disputes

Resolve any ongoing disputes with customers, employees, or suppliers before marketing your business.

8. Create a management team

A business that isn’t overly reliant on its owner is more attractive to buyers.

9. Protect your intellectual property

Trademark your brand name, secure patents, and review copyright protections to maximise your business value.

10. Run an operations audit

Identify inefficiencies and resolve them to present a lean, well-run business to potential buyers.

11. Prepare for due diligence

Have all your documents ready for the buyer’s scrutiny, from employee contracts to health and safety compliance.

12. Review your tax position

Work with a tax advisor to minimise tax liabilities and understand potential tax implications of a sale.

13. Secure NDAs

Ensure potential buyers sign non-disclosure agreements before you share sensitive business information.

14. Plan your timeline

Selling a business can take several months. Plan ahead and don’t rush the process. The more prepared you are, the quicker it should be to sell.

15. Get your team involved

Decide when and how to inform your employees about the sale. Early communication can ease transitions.

16. Boost your curb appeal

Just like selling a house, first impressions count. Make sure your premises and online presence are polished.

17. Create a sales pack

Prepare an information pack for potential buyers, including key details about your business, financials, and growth potential.

18. Understand your buyer

Consider who might be interested in buying your business. Competitors, investors, or someone new to the industry?

19. Consider seller financing

Offering flexible payment terms can attract more buyers and potentially increase the sale price.

20. Know your reasons for selling

Be clear about why you’re selling and be prepared to explain your motivations to potential buyers.

21. Work with professionals

Engage a solicitor and financial advisor with experience in business sales. They’ll guide you through the legal and financial complexities.

22. Plan for life after the sale

Think about what you’ll do after the sale—whether it’s retirement, a new venture, or something else.

23. Negotiate carefully

Be prepared to negotiate on price and terms but know your limits and stick to them.

24. Have a contingency plan

Not every sale goes smoothly. Be prepared for setbacks and keep your business running well during the process.

25. Celebrate your success

Selling your business is a huge milestone. Once the deal is done, take time to celebrate your achievements!