At Ashtons Legal, we have ample experience in supporting clients to navigate the complexities of buying or selling a small business. This dedicated service is targeted at business sales that are at the smaller end of the mergers and acquisitions market, where the transaction value is typically less than £1 million.
We understand the unique challenges and opportunities that arise in these transactions, and we are committed to providing tailored, expert advice to help you achieve your goals.
Our solicitors are well-versed in the intricacies of small business transactions. We offer a range of service options which can be adapted to meet your needs. We offer a basic service that focuses primarily on the core legal document – the sale and purchase agreement. Additionally, we provide a fully comprehensive service that covers every aspect of the acquisition process.
Our transaction advisory services cover areas such as:
- Small business transactions legal advice
- Contract drafting and negotiations
- Due diligence processes
- Transaction completion support.
Contact our corporate law solicitors today
For expert advice on small business transactions, please contact our local offices in Bury St Edmunds, Cambridge, Ipswich, Leeds and Norwich.
Alternatively, please fill in our online enquiry form and a member of our team will be in touch shortly.
Our small business advisory service
Small business transactions legal advice
Whether you are buying a small business or selling one, you’ll need expert advice that’s tailored to your situation and needs.
From the very beginning, our mergers and acquisitions solicitors will closely consider your objectives, allowing us to offer bespoke legal advice.
Contract drafting and negotiations
When you’re purchasing or selling a small business, drafting and negotiating the relevant documentation is one of the most important aspects of the transaction.
Our team have supported a diverse range of small business owners and those preparing to acquire a business. We are in the perfect position to assist you to draft, negotiate and review a range of legal documents involved in such a transaction.
No matter the type of business you are selling or acquiring, we can assist. Our team is made up of highly experienced solicitors with a wealth of experience in small business transactions.
Due diligence processes
As part of our expert transaction advisory services, we can provide due diligence support for clients looking to acquire small businesses.
You may only wish to ask a handful of targeted questions, or the process could involve a thorough investigation and examination to assess a business’s legal, operational and financial aspects. The outcome is to determine the overall health of the business, as well as its potential, and whether there are any risks associated with the transaction.
Transaction completion
When you work with our team at Ashtons, you can rest assured that the closing of your transaction will be smooth sailing. We will support you throughout the process of exchanging funds and transferring ownership, ensuring that the transaction is documented correctly and that the necessary legal requirements are met.
If you would like to discuss buying a small business or you are considering selling your company, please contact us for more information.
Knowledge Guides
Buying or selling a business can be a daunting and complicated task. To give you an idea of what may be involved in buying or selling a small business, we have prepared a series of knowledge guides. These guides outline key factors that are generally relevant to small business transactions, including two guides dedicated to buying or selling businesses that operate as a franchise.
Whether you are a first-time buyer or a seasoned seller, these resources will provide valuable insights into the process.
At the back of each guide is an indication of the type of fees that we usually charge, depending on how much input you would require from us.
- Guide to Buying a Small Business
- Guide to Selling a Small Business
- Guide to Buying a Small Franchise Business
- Guide to Selling a Small Franchise Business.
Why Choose Ashtons Legal?
Expertise: Our team has a wealth of experience in small business transactions, and we stay up to date with the latest legal developments to provide you with the best advice.
Tailored Solutions: We understand that every transaction is unique. We take the time to understand your specific needs and tailor our services to meet your goals.
Transparent Communication: We believe in open and clear communication. You will be kept informed at every stage of the process, ensuring you have the information you need to make informed decisions.
Proven Track Record: We have a strong track record of successfully facilitating small business transactions. Our satisfied clients speak to the quality of our services.
In addition to our transaction services, we also provide a range of related commercial services, including Corporate Restructuring.
Frequently asked questions about small business transactions
How do I go about buying a small business?
If you are considering buying a small business, you should start by determining your objectives, such as the type of business you’d like to buy, whilst closely considering your financial capabilities and skill sets.
You may want to perform market research to assess opportunities and risks. Additionally, you will need to gauge an understanding of your target audience and the competition.
Financial planning is important in the early stages, including determining financing options and budget.
It is necessary to work with professionals, including accountants and solicitors with expertise in small business acquisitions. Such professionals can guide you through the acquisition process, as well as negotiate the necessary contracts.
Do I need a solicitor to sell my small business?
Whilst working with a solicitor is not a requirement, it is recommended that you hire a specialist solicitor. This will ensure the transaction runs smoothly and that the sale is legally compliant.
When you sell a business, the transaction is complex and there are various matters to consider to protect your financial and legal interests. As part of our transaction services at Ashtons Legal, we will always ensure that your interests are safeguarded.
How much are solicitors’ fees for selling a business?
Solicitors fees for selling a business vary depending on the level of support required and the type of transaction.
Once our team have acquired all the necessary information about your needs and goals, we will provide a quote based on your situation, allowing you to budget accordingly.
Contact our corporate law solicitors today
Ready to take the next step in your small business transaction? Contact us today to schedule a consultation. Our team at Ashtons Legal is here to guide you through the process and help you achieve a successful outcome.
We have offices in Bury St Edmunds, Cambridge, Ipswich, Leeds and Norwich.
Alternatively, please fill in our online enquiry form and a member of our team will be in touch shortly.