The transition of a business from one owner to the next can be a stressful time for all involved, especially staff. Once a sale is unconditional there needs to be a clear plan in place agreed between the new owners and the seller on how staff will be told the business has been sold and their introduction to the new owners.
Feedback from owners has shown the most effective handover is one that occurs quickly after the announcement and introduction of the change. This would usually be no more than one month from the sale being declared unconditional to settlement occurring.
For more information on how this approach is best managed feel free to call me for a confidential chat.
