The detail below outlines the three specific service levels for our buyer support work.
Broker
This is our deal origination piece. We will initiate a flow of deals from a variety of sources and introduce you to the sellers. We charge 2.25%, with an initial retainer which can be paid in 3 monthly instalments.
BrokerPlus
This service incorporates deal origination plus there is the added work to get to a formal offer (heads of terms) on any project. We charge 2.75%, with an initial retainer which can be paid in 2 monthly instalments.
Full transaction support
This offers full corporate finance support, incorporating all levels of service from deal origination, valuation, deal structuring, heads of terms, continual liaison with all parties (lawyers, due diligence experts, accountants and tax advisers), introduction of funders and all work to take the transaction to full completion. We charge 5% with an initial retainer payable in full up-front.
If you’re an SME business owner, you might be considering how to grow… or how to step back from the business without losing control… or how to exit or…….a whole load of other scenarios.
Please click on the infographic link below to see how we can support you at the many different points in your business journey, from early stage through growth to exit.
Buyers can work with us in a number of ways. We have put together a simple infographic to inform potential buyers of the different levels of service we can offer. See the attached pdf document for more info.
Buying a business is an exciting time. You are about to embark on a new entrepreneurial venture and your future is ripe with potential.
In your search for the perfect business, you will also be searching for the right team. The employees are a vital component of any business and, therefore, will be a factor in the ultimate decision of which business to buy.
However, every manager has a different leadership style and every person comes into a situation with a different set of ideas for how things should be done. Taking over management of employees can be a daunting task.
You will need to step into the role with confidence and build a great team that can help you take your business in the direction that you have envisioned.
Communication
Be aware that your vision for the business will probably be different to that of the previous owner. You will be looking to grow and expand it from the point that you purchase it. You need to communicate your new goals and ideas with your staff and make them feel part of the vision.
This might mean re-evaluating the specific roles of each employee. It can be extremely helpful to make time to sit with each employee and learn what their current role encompasses.
This will help you get a sense of how this would fit with your ideas for the future of the business. From there you can adjust the specifics of each role so that the team and each of its individual members are moving in the same direction and pushing your business forward.
New team members
Once you know where each of the staff members fits, you can get a better idea of whether or not you will need to add new members to the team. After having assessed the current employee roles and adjusted them where needed, you can find new employees for roles that will complement the existing team.
If someone is the right fit in the new business rather than just the right fit for the role, they will be more likely to stay for longer. Spending time making the right hire is imperative to any business’s success.
A good example of this is the importance that the staff at a pub or bar have to the general atmosphere of the business. The employees will be the face of the business and the people that your customers interact with.
If your staff can work together well and if there is a clear management structure in place, your customers will be far more likely to have a pleasant experience and, therefore, return.
This is true of most businesses. The better your team works together, the more pleasant of an experience your customer will have.
Shared goal
Make sure that your employees have a sense of purpose so that there is motivation for them within their jobs. You should share the goals you have for the business as the new owner and how they are a part of these goals.
Finding any new employees to join your team will mean recruiting someone who can fit into this vision and share this sense of purpose.
A motivated team will bring you the kinds of results that you want within your business. As you hire new employees, make sure that you bring them in on the goals that you have for your new business. Where do you see the business going and how are your employees going to part of getting you there?
Growing your business will only be possible if you have the right team with the right motivations.
By Matthew Hernon is an Account Manager at Dynamis looking after Business Transfer Agents and Franchises across BusinessesForSale.com and FranchiseSales.com.
A few of our recent deals are listed on the attached services document. Please feel to get in touch to discuss our services and any ideas you might have about carrying out a buyin/buyout. Telephone Paul Griffiths on 07802 716996 for an informal discussion.
Auxilium has recently completed a deal for our buyer Andrew Dufty which was funded by Thincats. Andrew approached us in Summer 2018 to assist him with the purchase of Ski Amis, a high end ski chalet provider. The deal was complex, not only due to its cross border nature but also that it was undertaken with the backdrop of Brexit. We were pleased to work with Richard Lamb, Thincats Regional Director of Business Development for the North West, who commented ” This is a great business opportunity for Andrew and his team. We are delighted that we are able to support them”.
See the following link for further info from Thincats.
Are you looking to undertake a buyin/buyout in 2019 ?
We can help you.
There are now more funders with a willingness to invest in buyins/buyouts than at any other time since the financial crash in 2008 and 2019 looks set to be a busy year.
If you’re looking to own your own business, whether in your own right or as part of a team, we can help you deliver a successful transaction.
If you can invest between £100,000 and £500,000 we can deliver a transaction for you to purchase 100% of the equity in a private company with ebitda up to £1m. We will find the deal, arrange the funding and complete the transaction for you.
The whole process is likely to take between 6 – 8 months.
If you’d like to explore working with us to find the right business for you, please email paul@auxilium-advisory.co.uk to arrange an informal discussion.
We are pleased to announce that Auxilium has just completed its third deal since August 2018. On Friday 14 December, we completed on the purchase of an international travel sector business on behalf of one of our buyers. This was hot on the heels of the deal to purchase a Yorkshire based long established manufacturing business in the previous week.
Please see the presentation below which gives you a good feel for the services we offer and how they can help you. Whether you’re a business owner or a buyer, we can engage with you in ways which will enhance your current position.
