Acquisitions are the most common reason for an exit strategy. Another common reason the need to transfer a business to a family member. Sustaining the family business legacy is extremely important, if not imperative, in many cases.
There are many very good reasons for developing an exit strategy. These may include retirement, health problems, change in interests or a new venture. Perhaps you want to spend more time with family or take care of a loved one. An article in Business Insider recently stated: “the best reason for an exit strategy is to plan how to optimize a good situation, rather than get out of a bad one”.
Acela Business Brokerage will partner with you to create a customized exit strategy that will fit your situation.