In a timeline where we have an aging population who are business owners that thought their children would assume the ownership and follow in the family footsteps and owners that didn’t have children or employees willing or capable to carry on a viable business.
These circumstances have left owners without a means to carry on but the need for retirement cash or a continuing income through investment.
These viable businesses need knowledgeable active owners willing to take the reigns.
The benefits of purchasing an established business are not having to build a business from the ground floor, entering into a “Succession Plan”, this means the current owner will stay on for a defined period of time to ensure the new owner meets the customer base to maintain the confidence of the client base and to retain the employees. (As we know employee rumors start and the fear of a new owner, caution of changes) Need to retain these people by ensuring them that they are needed and their input is respected.
Turnbull Associates will help to ensure a business fit, an affordable buy-in, and a long-term plan to grow the business in a direction the new owner envisions.