Buying FAQ

Most business sales include a handover period, where the seller offers support or training to assist with a smooth transition. The specifics of this arrangement are agreed during negotiations. Novus Business Brokers ensures this handover is clearly defined as part of the sale process.

After signing a Non-Disclosure Agreement, you will receive an Information Memorandum. This includes key business details such as financials, staff structure, premises, operations, and the reason for sale.

Buying a business in the UK can take anywhere from 3 to 12 months. The timeline depends on the type and complexity of the business, due diligence requirements, and how efficiently both parties respond. Simpler businesses may complete faster, while regulated or high-value acquisitions usually take longer. Novus Business Brokers works to keep the process well-managed and on track throughout.

Yes. Once initial discussions and financial screening are complete, we usually arrange a confidential meeting or virtual call between the buyer and seller. This is your opportunity to ask questions and assess whether the business is the right fit for you.

No. At Novus Business Brokers, we typically work on behalf of the seller. Buyers are not required to pay any brokerage fees unless otherwise agreed in advance. Our aim is to support both parties while remaining seller focused.

Due diligence involves reviewing all aspects of the business before purchase, including financial records, operations, legal contracts, staff, and compliance. This step is essential to ensure you're making a well-informed decision. We work with both sides to ensure the necessary documents are provided in a timely and structured way.

To enquire about a business listed with Novus Business Brokers, simply complete the enquiry form on the buy a business page or contact us by email. After registering your interest, we may request that you sign a Non-Disclosure Agreement (NDA) before providing detailed business information.

No, we do not offer funding or finance. Buyers are expected to secure funding independently if required.

Yes. We strongly advise working with a solicitor experienced in UK business sales and a chartered accountant. They will support you with legal contracts, financial due diligence, and identifying any potential risks during the purchase.

Yes, many businesses are sold with existing loans or liabilities. We will help structure the deal to ensure a smooth transition while addressing any outstanding financial commitments.

Yes, and we highly recommend it. A well-managed and profitable business is more attractive to buyers.

If multiple buyers express interest, we will guide you through a structured competitive bidding process to maximise the value of your business.

We recommend consulting a tax specialist to explore options such as Entrepreneurs’ Relief and capital gains tax planning.

Once the sale is finalised, we assist with the handover and transition period, ensuring that both you and the buyer have a clear roadmap for post-sale success. This may include training, introductions to key clients, and support during the transition phase.

Yes, preparation is key to achieving the best outcome. We recommend organising financial statements, legal documents, operational procedures, and key business metrics. Our team will guide you through the process to ensure your business is presented in the best possible light.

We work with a range of buyers, including private investors, industry buyers, corporate acquirers, and investment groups. Our buyer screening process ensures that only serious and financially qualified buyers are introduced to your business.

You are under no obligation to proceed until you accept an offer and sign a binding agreement.

Yes. Confidentiality is a priority. All potential buyers must sign a Non-Disclosure Agreement (NDA) before receiving any sensitive information about your business. We also use discreet marketing strategies to prevent employees, customers, and competitors from becoming aware of the sale.

We charge an upfront fee to cover marketing costs. Our fees are primarily success-based, meaning we only get paid when your business is successfully sold. During your initial consultation, we will provide a clear breakdown of our fees, including the upfront fee and any additional costs that may apply.

We offer a free, no-obligation consultation to discuss your options. Even if you’re not ready to sell immediately, we can help you plan your exit strategy and position your business for a future sale.

The timeframe varies depending on factors such as industry, business size, and market conditions. On average, a business sale can take anywhere from 3 to 12 months. Our team works proactively to ensure a smooth and efficient process.

Yes, it is possible to sell a partial stake in your business.