Are you looking to prepare your business for acquisition or sale?


This can be a complex, time-consuming, and perhaps a daunting process. As a creative business owner, you want the best possible outcome for both yourself and your business.


Let’s take a look at some of the steps you can take to prepare your business for acquisition or sale…



Review your financials 

Understanding your company’s revenue, expenses, assets, and liabilities will give you a better idea of what you can realistically expect from a sale.

Organise your records

All of your important business records, such as contracts, tax returns, financial statements, and the like, should be easily accessible to help potential buyers review the business.

Clean up your financials

Your business financials should be in order before you sell. This involves paying off outstanding debts, resolving legal disputes, and getting your books in order.

Build strong management

It can be difficult to sell your business if it relies heavily on your involvement. But having a strong management team in place means the business can be run effectively without you.

Identify potential buyers

It helps to identify people who may be interested in buying your company. You should consider networking, reaching out to industry contacts, and working with a business broker.

Value your business

Having your business valued by a professional is essential for giving you a realistic idea of what your company is worth and what offers you can expect to receive.

Prepare a business plan

Your business plan should outline the strengths and weaknesses of your company, plus any opportunities for growth. This will give buyers an idea of the business’ potential.

Consider tax implications

A tax professional will be able to help you understand the implications of selling your business. This advice will allow you to maximise your tax liability and ensure everything is compliant.

Negotiate the deal

Just like with any large investments or purchases, there will be negotiation when you receive offers. It helps to work with a business broker or lawyer to ensure you get a fair deal.

It can take a while to get your business fully prepared for acquisition or sale, but following these steps will help you achieve a great deal and increase the likelihood of finding a buyer.

How can BAND help you prepare to sell your creative business? See our Business Advisory Services to find out.


Let’s Talk


Tel: 020 8138 5560


111 Charterhouse Street,
London, EC1M 6AW


Julian Davies

Julian Davies

Managing Partner at Redfin

Managing partner and Chartered Accountant with 30+ years of experience in marketing, media, and creative industries. He leads the Redfin team, offering expert advice on growth and profitability. Former owner manager of an agency acquired by a listed group; his industry insights are second to none. Off duty, you might find him on the golf or tennis court, determined to master new tricks.
Shelley Watkin

Shelley Watkin

Client Finance Director at Redfin

A qualified Chartered Accountant with 20+ years of experience in the marketing services sector. During her 5+ years at Redfin, she served as Client Finance Director offering invaluable insights into strategic and commercial matters. Shelley has also assumed the role of Finance Director for various creative agencies, guiding them through successful sales processes. If she gets free time after managing her children’s busy schedules, she likes to chill out doing yoga and gardening.