The method of sale can be by Expression of Interest or Tender from the commencement date of the marketing campaign.
NOTE: From the date you appoint us to act on your behalf, it may take between seven to fourteen (7 -14) days to collect the data from you and collate the information as required for the Business Sale Information Pack that we will use to present to potential Purchasers.
After a successful Purchaser has been secured and accepted, we can arrange Contracts to be prepared and sent to all parties for approval. Upon exchange of the Contracts, the Finance and Due Diligence conditions will need to be satisfied by the Purchaser (if required). Industry average is approximately thirty (30) days from the Date of Contract to satisfaction of these conditions. First Settlement will follow this, at an average of thirty to sixty (30-60) days later.
There are industry standards that also apply for Retention amounts and periods and we would require further discussion with you on this matter to seek your advice.