Exit Planning

Thrive Acquisition offers business owners the opportunity to carefully plan a strategic approach to transition. Each business is unique and requires thoughtful, data-driven preparation. In a perfect world, a business is always ready to sell and when the timing is right there is nothing to prevent the business from going to market.

Timing is critical from three perspectives. First, market conditions have to be favorable. The market has to have buyers interested, ready, and with access to capital. Second, the timing has to be right for the seller on a personal level. Furthermore, the business has to be in salable condition. When these three conditions are met, the business is ready to transition to new owners.

Most businesses should begin exit planning three to five years prior to the desired time of sale. Starting with a valuation and needs assessment, the plan builds toward a desired goal with measurable outcomes. Owners work toward goals such as reducing owner dependency, improving systems and operational efficiency, right-sizing expenses, updating infrastructure, reviewing documents and agreements, and more.

An upside of exit planning is the additional value and operational efficiency business owners enjoy during the final holding period prior to transition. And, ultimately, every dollar of profit will return a multiple of earnings when the business is sold.

Contact Thrive Acquisition today to book your free discovery meeting.