Glossary
take over a business
Definition : Takeover of a company
Taking over a business is simply buying an existing business.Â
In 2013, the number of transactions was 76,000 compared to 51,000 in 2016.
How to take over a company?
In order to begin the process of taking over a business, it is first necessary to have it evaluated. This evaluation will allow us to know the economic value of the company, as well as its viability. This step is important because it will allow you to propose a takeover bid.Â
The second is to establish a business recovery plan, which consists of putting in place the procedures and means necessary to resume the company's activity. Then comes the moment of the negotiation and the setting up of the agreement protocol. Finally, the last step is simply the signature of the sale and other steps related to the transfer.
Why take over a business?
On average, 60,000 business transactions take place every year in France. These takeovers take place in different situations:
- buyout of a company in financial difficulty
- buyout by the employees following the sale by the boss
- transfer due to retirement or change of activity of the existing managers Â
You want to take over a company, do not hesitate to contact one of our experts: contact a XVAL consultant
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