The finance file is a document which determines the sale process. Indeed, a buyer, who does not have this document, will find it very difficult to take over a business. The majority of investment funds and banks require this document before meeting the seller or their advisor.
The writing of this document is very specific and a certain amount of formality is expected.
With the finance file, you will save time and avoid purely informative meetings.
This file must contain all of the elements which will allow the bank to get a precise idea about the company that is being sold.
This carefully written file can contain confidential information such as accounts or a list of shareholders and it is imperative that a nondisclosure agreement be signed by potential financial partners before the file is made available to them.
In the majority of cases, this file can have up to 300 pages, containing the following elements:
– Introduction to the business environment
– Introduction to founders
– Introduction to directors
– Introduction to the offices
– Precise description of the business
– The market
– Introduction to products/ services
– Competitive advantage
– Workforce and organisation
– List of the main assets
– Turnover and the main clients
– The accounts for the last three years
– The budget for the coming year, or even a business plan
– A simplified list and CV of the main executives
– A list of shareholders and legal organisation
– The reasons for the takeover and the predicted outline of events
– Appendixes: commercial, legal and financial documents
Actoria is used to writing these documents and respects all specifications in order to be able to reach professionals’, banks’ and investors’ expectations.
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