Over 26 years experience in building meaningful connections to help your business flourish

Retaining staff when selling a business!

In their latest blog Business Network South Manchester members Alex and Paul Dodgshon of Uscita explain the issues regarding retaining staff when selling a business.

Retaining staff and key employees is crucial to a successful business exit and achieving maximum value from your business sale. If essential members of staff were to leave your business either before or immediately after its sale, this could destabilise operations and impact business continuity. Something a buyer will be very aware of.

When potential buyers assess a business, one of their key considerations will always be retention of key employees. How many staff will be employed by the business post sale? The continuity and consistency key members of staff bring equate to greaterĀ perceived business value. Once they have these facts to hand, buyers will structure any offer they make to mitigate and guard against any risks they see.

The risks of losing key personnel

Edmondson's Professional Services Ltd trading as The Business Network South Manchester. Company No. 11301014.
Registered Office: 10 Broomfield Lane, Hale, Cheshire, WA15 9AQ. T 0161 503 5000
Copyright © Partners, Mr R Bennett and Mrs H Bennett (Trading as The Business Network) 1993-2024. All Rights Reserved - The Legal Information