Getting Out of Your Business



You’ve spent a great deal of time, energy, and money building your business, and now you are ready for a new business chapter or to step gracefully into retirement. Perhaps your hard work has paid off with a prosperous business that will look great to any potential buyer and will be met on the marketplace by more than one offer.

 

What if you are on the other end of the business selling spectrum?

 

You may be completely burned out. You might be very low on cash flow. If you are afraid that putting your business on the market is an exercise in futility simply because you are burned out, don’t be. There are options for any business owner that don’t include locking the door and walking away.

 

You have worked hard, so when you are ready to retire from your business it is time to let all of that time and energy work for you. Just because you may not see the current value in your business, it might be just what a prospective buyer is looking for. Try to avoid selling yourself short by talking with a business broker about your business exit options.

 

What are a few options to consider?

-Spending some time getting the business, and more importantly the numbers, where they need to be in order to get you the greatest return in your business sale.

 

-Franchising or partnering with a similar business that is looking to expand.

 

-Putting a partner in place that will let you significantly reduce your time commitment to the business.

 

Before you walk down any of these paths be sure that you have a defined reason for selling or exiting your business. If you are not really ready, it will likely mean that you will end up dragging your feet in the process which may cause potential deals to fall apart.

 

Are you a business owner who is ready to retire or an owner who is feeling a bit burned out? What business exit options have you considered, and do you have any questions about what options may be available to you? Leave a comment or question here and we will be happy to answer you.

 

 

 

Michael Monnot

941.518.7138
Mike@InfinityBusinessBrokers.com


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Michael Monnot

941.518.7138
Mike@InfinityBusinessBrokers.com

5111-E Ocean Blvd
Siesta Key, FL 34242

Michael Monnot

941.518.7138
Mike@InfinityBusinessBrokers.com

9040 Town Center Parkway
Lakewood Ranch, FL 34202




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