Looking to acquire a professional services business. Any tips?

Status
Not open for further replies.

TheAnalyst

Free Member
Dec 15, 2016
3
0
I am looking to acquire my own business in the business services sector, specialising in IT Managed Services, Data Analytics, IT, Finance & Management Consulting and located within South East and Central London. Any tips would be appreciated.
 

Clinton

Free Member
Jan 17, 2010
5,274
2,413
ukbusinessbrokers.com
There's the IBBA, but not a proper association in the UK. If you drop me a DM with your email address I'll give you a couple of intros.

There are just three exclusively buy-side brokers in the UK, but there are several selling brokers who take on buy-side mandates. I'll introduce you to one of each.

When I used to buy businesses I know how much effort went into deal sourcing; it was an absolute nightmare sorting through the flotsam and jetsam at the various business-for-sale marketplaces. And when you do find what looked like a good business, they wouldn't reply to your emails or provide their NDA unless you chased and chased and chased them.

Back in those days I could have really used a good buy-side broker (but there weren't any around then!)
 
Upvote 0

Clinton

Free Member
Jan 17, 2010
5,274
2,413
ukbusinessbrokers.com
If your business has a large enough turnover/profit it would be worth hiring a proper broker. Otherwise you'll end up with the type of brokers mentioned at CEBTA and elsewhere! Most of the brokers who operate at the lower end of the market are very dangerous players to get involved with!

Apart from doing a google search, any ideas of best brokers or method I could use to sell?
Funnily enough, I wrote an article about just this yesterday i.e. how to find the right broker and a Google search is exactly what you don't do.
 
Upvote 0
Status
Not open for further replies.

Subscribe to our newsletters

ukbf logo
ukbf logo

Real community whatever your business.
Sign up to our full membership View Documentation

About us

  • Our community has been around for many years and pride ourselves on offering unbiased, critical discussion among people of all different backgrounds. We are working every day to make sure our community is one of the best.

Quick Navigation

User Menu