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A trade sale is a commonly used form of business sale whereby a company is sold to another business typically operating in the same industry or sector. It’s often the case that a business broker or independent intermediary acts on behalf of the owner/directors, making initial contact with parties interested in purchasing.But even if a business has entered insolvency or is facing legal action by creditors, a trade sale organised from within a formal insolvency process may still be a viable option, and offer the best returns for the company’s creditors.
Although a great deal on price is likely to be the main goal for both buyers and sellers, external factors not necessarily under an owner’s control can have the most impact on a business’ valuation.
Although most people with “regular” jobs are curious about what it would be like to be their own boss, any reasonable person would have to admit that self-employment is likely to come with significant challenges. Not everyone has “what it takes” to launch and operate successful business.