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How do you sell a business for £70m?
Many business owners dream of hitting the £1 million revenue mark.
Few think beyond that or know what a seven-, eight-, or even nine-figure business would look like.
One person who does is Neville Wright.
Neville built his Kiddicare online retail business from a second-hand prams operating from a tiny office to become the world’s largest online retail brand in the children’s sector.
And then he sold it to Morrison’s for a record £70 million - a textbook example of understanding the buyer’s motivation to get the best deal.
At our last Dealmaker’s Retreat, Neville delivered a warts-and-all account of exactly how he did. On today’s RU-vid video, you can watch some of the highlights from Neville’s keynote.
If you are a business owner looking to grow your business, this is a must-watch video.
In this video, you will discover…
- How Neville started the business by selling second-hand prams
- The truth about sales that helped Neville transform the success of the retail business (they weren’t really selling prams…)
- How Neville managed to grow the business rapidly to require even bigger premises (and how he funded expansion at each stage)
- Why he says he always thinks five years ahead (and how that gave the business an edge)
- The reality of being a pioneer in the early days of online retail (and needing to educate the market)
- How the deal with Morrison’s developed - and how he secured £70 million for the sale of the business (think about the motivation of the buyer…)
#businessgrowth #businessacquisition #buyingabusiness
2 окт 2024
