Retirement business sales

What are my business sales options when I retire?

• Sell your business to an external individual, private equity firm or larger competitor
• Allow your management team to buy you out
• Introduce an Employee Stock Ownership Plan (ESOP), so your existing workforce can gradually acquire ownership
• Sell or pass the business to a family member
• Liquidate the company if it is not viable for sale, selling assets and property
• Partially sell your shares to retain some ownership and continue earning money to fund your retirement plans

When should I start business sale planning for my retirement?

The sooner you begin planning for your retirement, the better. We believe three to five years before the target date gives you enough time to prepare your business for sale, maximise its value and ensure a smooth ownership transition.

When is the right age to sell my business and retire?

While there is no “right” age to sell a business and retire, there are a few signs to bear in mind, including:

• Financial readiness – Your sale would fund all your retirement plans
• Business readiness – Your business is in its strongest selling position
• Personal health – You cannot give your business the energy it requires due to your mental and physical capabilities
• Market conditions – Your industry is booming, and listing your firm now could ensure you maximise your returns
• Succession planning is in place – You are satisfied with your exit strategy and are ready to find a new owner

Sell your company and retire with Eddisons Business Sales

Whether you are just thinking about calling it a day or are fully ready to retire, we are here to help you plan and sell your enterprise. Call 0113 340 9840 or use the form below to utilise our expertise.