Get ready for retirement with a smooth business sale
Selling your business can be a vital step when you decide to retire. Ensuring you obtain the highest possible sale price and find a great buyer to succeed you are two of the most important considerations to make throughout the process, and using trusted agents like Eddisons Business Sales can help.
“Planning your exit early gives you the best chance to maximise value and secure the right future for your company. At Eddisons Business Sales, we specialise in helping owners retire with confidence, knowing their hard work will continue under the right stewardship.”
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
How to value and sell a business for retirement
Selling a business for retirement is significantly easier with expert brokers. When you instruct Eddisons Business Sales, you can expect a comprehensive service that protects your best interests at every stage of the process.
We will begin by assessing and valuing the business you are retiring from. Afterwards, we will create marketing documents and develop a bespoke sales strategy. The documents are then sent out to relevant individuals from our network of verified buyers.
Following this, interested parties will be invited to enter negotiations with you to agree on a price that supports your retirement plans. Our brokers will then liaise with legal professionals to ensure a seamless acquisition.
What are my business exit strategy options for retirement?
- 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 gift 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 retirement date gives you enough time to prepare your business for sale, maximise its value and ensure a smooth ownership transition.
Why should I consider selling my company for retirement with Eddisons Business Sales?
Here at Eddisons Business Sales, you can depend on us for a service that allows you to proceed with confidence. We are rated highly by past clients, have around 75 years of experience, offer valuation services and are authorised by the Financial Conduct Authority (FCA).
Our team are also always here to offer advice and guidance, especially if you are considering retirement. Contact us at any time, and a member of the team will be happy to help.
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 business. Call 0113 340 9840 or use the form below to utilise our expertise.
Get in touch with Eddisons
Please contact us for more details and information
Frequently asked questions about selling a business for retirement
What steps should I take to sell my business for retirement?
Start by getting your financial records in order, paying off debts and ensuring your operations can continue without you. Strengthening your management team and improving efficiency can also show prospective owners that the business can thrive without you.
