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 greater 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.