Choosing the optimum exit option for your business is a vital part of exit strategy planning. It has to be right for your business, if appropriate your family and your planned future retirement lifestyle.
From talking and working with business owners every day, we find that they are often unaware of the options to dispose of their business. Some owners with families may have considered family succession planning, even if they are unsure of exactly how to do it. Others may think that their only option is to sell to a third party – a trade sale. Some will be aware of the opportunities that a management buyout could bring or even a management buy in. We hope to address this in this blog.
The main exit options available to you could be: