Many of our clients have gone down the route of entrepreneurship because they want to ensure a financially secure retirement.

The ultimate goal for any business owner is of course, to be able to sell or transfer the company profitably when they’re ready to hang up their hat.

Even if retirement still seems a long way off, it’s never too early to start planning. In fact, the sooner you start preparing, the more you’ll be able to enjoy your work-free years.

Over the years, we’ve helped many of our clients develop exit strategies. Together, we take an in-depth look at the business, it’s goals and how these can be realised. An example of some of the points we cover include:

  • When do you want to retire?
  • Can the business be sold to your employees?
  • Is a trade sale more likely?
  • Are there children involved?
  • How much is the business worth?
  • What needs to be done to enhance the value of the business?
  • How long will this take?
  • Do you want or need to stay on after the sale or transfer?
  • What are the tax consequences?

As well as using a tried and tested methodology to address these issues, we can also help you to prepare the business for sale, find potential buyers and negotiate to get the maximum price.

If you would like to talk about how to obtain a financially secure retirement, get in touch with PKB and our experts will be more than happy to help.

 

Talk to us about planning a financially secure retirement

2 + 6 =

To read news and blogs from Rebecca Austin, click here >>