Planning for Exit, whether it’s a sale to a third-party, selling to your employees, or stepping back to become the “Chairman”, it’s one of the important decisions a business owner will make in their lifetime.
Recent studies show that 66% of the current American business market is owned by Baby Boomers, who are set to transition over the next zero to ten years. Statistics also show that only 20%-30% of businesses that go to market actually sell; leaving up to 80% of those without solid options to harvest their wealth and ensure economic continuity into the next generation.
And if you do decide to sell, unfortunately, many owners get taken advantage of because you’re typically dealing with sophisticated buyers who acquire companies for a living. Their incentive is to get your company for the lowest price and best terms – for them. Exactly the opposite of what you want and deserve! Many business owners retain the big M&A advisory firms thinking that they’ll look out for you – but let’s be clear, they are more beholden to the buyers than the sellers even though they’ll tell you otherwise.
That’s why it’s our mission is to help you maximize your business value, get the best price and terms and control the process.