Sale readiness & value
Assess earnings quality, owner dependence and unresolved issues. Together we develop a valuation range with explicit assumptions and prioritise preparation before approaching buyers.
I help owners prepare, assess and negotiate a company sale. With attention to value, terms and the capital available to you afterwards.

For owners of established SMEs preparing a sale or succession, and buyers who want to assess price, financing and the handover together.
Assess earnings quality, owner dependence and unresolved issues. Together we develop a valuation range with explicit assumptions and prioritise preparation before approaching buyers.
Agree the buyer profile, approach and next steps. Compare offers, prepare the commercial case and negotiate price, payment, handover and remaining obligations together.
Bridge business value to available capital. Separate cash at completion, earn-outs and vendor loans, and account for your liquidity needs after the sale.
These documents help with a detailed assessment. For an initial conversation, a short description of your plans is enough.
Start with your objective: a full exit, a partial sale or a gradual handover. Then assess how much customers, employees and operations depend on you. High earnings alone do not make a business readily transferable.
Compare like with like. Operating enterprise value is adjusted for contractually defined debt, cash and working capital. Timing, conditions, security and your role after completion also matter.
Assess which earnings can be sustained after an ownership change. Price, equity, debt service and investment needs must fit together. Due diligence covers contracts, people, customers and legal and tax risks as well as the accounts.
Discuss your starting point and agree scope, responsibilities and fees.
Organise the information, assess the commercial drivers and identify the next useful step.
Within the agreed mandate, I support commercial negotiations. Legal, tax and contract reviews are coordinated with the relevant professionals.
Scope, responsibilities and fees are agreed before the mandate begins. Legal, tax and other specialist reviews are included as appropriate to the project.
Adjust EBITDA, valuation and payment terms. See how available capital and reinvestment change. A purchase and financing view is also included.
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A commercial assessment: what supports value, what complicates the handover and which terms matter to you. The documents, conversations and negotiation tasks I take on are specified in the mandate.
Yes. An early discussion can reveal dependencies and gaps before deadlines create pressure. If you already have an offer, we start with its terms and your decision timeline.
No. It shows the effect of your assumptions. Buyer interest, earnings quality, contracts and risks require an individual review. A calculated value is neither an offer nor a guaranteed sale price.
Tell me about your situation. We clarify which questions to address first and whether working together makes sense.
Coffee in Zurich · Lunch · Video
connect@jbschmidconsulting.comUnderstand the value, negotiate the payment structure and see what your capital can do next.
Illustrative assumptions. Replace them with your own figures.
After debt, entered transaction costs and tax budget. Deferred and conditional payments are excluded.
Provisional until sale taxes have been assessed.
Choose which method drives your proceeds. These are model values, not a market appraisal.
Allocate the immediately available proceeds. Compare the effect of investing without debt or with property financing.
First-year income · after modelled tax
Constant assumed net return, reinvested annually. No guarantee; actual returns fluctuate.
Translate earnings into financing capacity. Test the asking price, equity needs and the cash remaining in a weaker year.
Cash conversion includes your cash taxes, investments and working-capital needs.
Annual cash remaining after debt service
At your chosen cash conversion and coverage. Not an appraisal or a bank commitment.
Compare this with sustainable earnings, after a market-based owner salary.
Existing net debt is refinanced at closing. Enterprise value plus transaction costs and additional working capital equals total funding needs.
| Year | Interest | Principal | Remaining debt |
|---|---|---|---|
| 1 | 125’000 | 307’050 | 2’192’950 |
| 2 | 109’648 | 322’402 | 1’870’548 |
| 3 | 93’527 | 338’522 | 1’532’026 |
| 4 | 76’601 | 355’448 | 1’176’578 |
| 5 | 58’829 | 373’221 | 803’357 |
| 6 | 40’168 | 391’882 | 411’476 |
| 7 | 20’574 | 411’476 | 0 |