Sellers
Why sell your business?
- Plan your retirement – or reduce the time spent working in your business.
- Secession – Is there a logical second generation to take over your company? Only one in ten family businesses makes it to the third generation.
- Diversity of assets – As most of your net worth is tied up in your company, you want to diversify your assets, as well as gain some liquidity.
- Capital for growth – Do you see a need for additional external capital to continue to grow your company?
- Association with a larger firm – Do you seek the broader distribution channels, marketing strengths or manufacturing efficiencies that a larger firm can offer?
- Merging between two or more businesses – Create improved capital base, additional expertise, diversify responsibilities and the freedom to take the prudent and appropriate risk that you might not have.
- Career change – Do you feel like a career change or doing what you know and enjoy best.