Reasons for selling:
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The business is one of a group of companies and the impending retirement of a minor shareholder from the parent company has given the remaining stakeholders an opportunity to review their options and look to focus on the core business. |
Market competition and expansion:
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The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation |
