So Maybe it is time for you to start enjoying life...
Apart from dying at your desk, following are a few options available to you...
Private Equity Groups (PEG’s):
Private equity groups control a pool of money, management skills, contacts,
and experience in your industry. They will infuse some or all of these
into your business to make it grow substantially. Most times they will
want you (the CEO) to remain with the company (unless you do not want
to) and continue to work with your existing management team. They may
want a majority or minority share depending on their goals and your management
team and they may consider taking your company public.
Strategic Buyers:
A strategic buyer is simply a company bigger than yours that finds your
product or service compatible with theirs and believes it can enhance
their bottom line and market share. A strategic buyer is much like the
private equity group when it comes to you and your management team. They
will consider what is best for their operation. Usually, you (the CEO)
and your management team's experience is desired and considered a part
of the benefit to purchase.
Sale and Departure: The out-right sale of your business which leaves you free to pursue other interests with cash in hand.
We can be of assistance to you in all of these areas. Please feel free to call us with any questions you may have.
Selling your business is a major decision! You have devoted your time, money, and energy to building, running, and operating your business. It may well represent your life's work. You would like to leave your hard work to your Children and Grandchildren but they are either not qualified or not interested.
Make your decisions in advance. Do not wait and be event driven such as family death, sudden burn-out, partner dispute, health issues, lack of capital, competition, or worse.
Selling a business is a full time job. Unless you have someone else to do your job while you are locating and dealing with buyers, preparing a strategy for transition, and getting your business in shape for a sale, you should hire a professional Intermediary.
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