MAP OUT YOUR BEST
BUSINESS EXIT
The decision to sell a business has many more moving parts than most owners consider. Of course, it involves selling shares and slowing down work for the company, but you will also need to address what your future looks like. The clearer the exit in your mind, the smoother the sale process.
Whilst it can take over six months to sell a company, it helps if you are clear on your plans post-completion. This avoids uncertainty and any distractions during the due diligence process and normally gives you the best outcome.
So we get to work early understanding your situation and circumstances, the reasons for your exit and help you map out what the future will look like. In most cases the owner, if they have an active role in the business, will need to stay on, but this can be anything from retaining their position to fulfilling a part-time advisory position for the transition.
What is important to note is that all buyers will expect you to be hands-on during the transition and ensure that you make every effort to ensure a smooth change from past to present owners, and sustain expected performance in the first year under the new owners.
EXIT STRATEGY BUSINESS BROKERS
We will work closely with you to define your preferred exit. Taking into account timing, life stage, earnouts, income needs and practicalities.
We can help understand some of your ‘non-negotiables’ as well as areas where there is a preference, but a realisation that it will need to involve a discussion with the new owners.
Any exit plan will need some flexibility to account for the transition of ownership and your best outcome will be achieved through consultation and agreement.
Let Firm Gains get you to where you want to be.