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You are in a job you love and want to invest, you think the owner or shareholders would be open to an offer and you have always dreamed of owning your own business.
You hope to build the company from strength to strength over the next few years and then either float on the stock market or sell to fund the lifestyle of your dreams. It is easy to picture the large house with a tennis court and swimming pool or the Porsche on the drive or perhaps a second home in the Bahamas.
Your challenges today are the commercial realities of implementing the Management Buy Out (MBO) which is the first crucial step if your dreams are to be turned into reality. You know your management team is excellent at what they do and you have every confidence that you can grow the business with their help. However, you have no experience of a MBO and have no real idea what is involved, how much to pay or where to find the finance.
Ask yourself a few questions:-
Few good managers are experts in MBOs, most people will only do this once in their life. You know it is essential to plan, prepare and execute effectively but relying on your own management skills in an area where you lack experience could spell disaster.
A successful MBO can give existing owners the financial freedom they crave and the new team an opportunity to fulfil their dreams. Partnering with a team who understand SME finance in depth through 30 years experience could be just the missing ingredient you need to make the dream a reality.
Boldoak, which specializes in supporting the sales strategy in SMEs, has partnered with The Mercantile Group to be able to offer new and existing clients the expertise to execute successful MBOs to everyone’s satisfaction.
Babs Moore
Regional Director, The Mercantile Group, Tel: +44 (0) 1480 383676 www.mercantile-group.com