"You founded your business with two financial objectives in mind - to make enough money so that you and your family could lead a decent lifestyle, and to build something of value that you could eventually sell. Depending on where you are on your career path when you exit the company, the proceeds from the sale hopefully will fund your next business venture or your retirement.
You've built a good company with multi million dollar revenue and good profitability. You have loyal employees and everything is in working order. You've now reached a point in your career where you're thinking about an exit. Your children have all moved on in different directions and have no interest in the business, and your employees don't have the managerial or financial resources to buy the company. If the proceeds from the sale of the company are to fund your activities going forward, you must find a third party acquirer."
Read more at:
Divestopedia - Sell your business on your Terms:
For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.
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