CMS has experience of working with people in succession and crisis situations (when the current owner wants to retire or when the business is facing a fundamental change: receivership or closure).
In these situations, it is vital to make an assessment of the target business.
This includes:
- Commercial Viability: is the business (or the core business within it) strong enough to survive?
- Commitment: is the owner and a core group of employees/community serious about purchase?
- Ease of transfer: what are the technical obstacles if any and what is the likely or demanded timescale for the transfer?
Call us for advice …
