Succession as a Transition Plan
Transferring the management of your company to a successor can be a very rewarding option for many owners. But this strategy can be high risk if not executed well. A detailed succession plan, with good communication, knowledge transfer and skills development from the senior generation to the next are vital. Transition Architects is here to help!
How We do it:
Transition Architects’ starts its assessment with a review of your financial statements and discussions with the owner regarding the “true” profitability of your business, historical results and potential opportunities or threats to the business. This information is analyzed to provide you with a financial summary of the company’s performance, and an anticipated value range for the business.
Company Value is reviewed with the owner and payment options will be a key component of the deal structuring from the business/seller to the successor.
This analysis can usually be completed for a one-time flat-fee and will provide the owner will critical information to start planning for his/her transition.
“Helping Businesses Thrive Through Succesion”
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