Selling your business for retirement

For years, you've poured your heart and soul into your business. Whether it started as a simple idea at the kitchen table, as a family business legacy, or by acquiring an existing company; every entrepreneur eventually faces the moment that they have to sell their business, often due to retirement. Whether you're eagerly anticipating this step or can't bear the thought just yet, it's a universal truth that selling your business is a rewarding outcome for all those years of hard work.

In essence, selling your business due to retirement isn't all that different from other reasons for selling a business. However, if you want to take a permanent step back and take leave of your entrepreneurial career, we highly recommend carefully considering your ideal exit strategy. Are you ready to completely distance yourself from the company, or would you like to remain actively involved in a chosen role for a few more years? There are numerous scenarios that can secure both your personal future and that of the company. The advisors at Marktlink are here to help you identify the best sale strategy for you.

Our most important advice to every entrepreneur is to start with the end goal in mind. The sooner you begin preparing your business for sale and making it marketable, the more control you'll have over the entire process and, consequently, over the final result. You may already have a potential successor within your network, such as a member of your management team or a family member. However, even in such cases, it demands a significant amount of time, knowledge and patience to successfully complete the entire process for all parties involved. Naturally, you have your own interests at heart, but you must also consider the well-being of the company, ensuring it thrives even years after your departure.

If there's a lack of succession options within your own (family) network, numerous other scenarios become possible. Selling to another business or investor often becomes the most suitable choice. For over 25 years, we have been assisting entrepreneurs during this phase of their careers. Retiring doesn't have to mean the end of entrepreneurship; it opens up new opportunities within or outside the company. Our advisors stand by your side and fully work in your best interest. Together, we'll make the deal of your life.