Business Exit Planning
Every business owner needs an exit plan - now! Almost weekly we encounter business owners who could have been better positioned to sell their business for a higher price if they would have had a properly executed and documented business exit plan. No matter where you are in your businesses cycle (just starting, growing or mature) its imperative that you plan for your businesses exit and understand your options to increase your businesses value and develop a strategy that will maximize your businesses exit your exit value.
Your business needs a exit plan now!
What is business exit planning?
Simply put, exit planning is the preparation for the exit of a business owner. This could be for retirement, health reasons, or to pursue other opportunities. Whatever the reason, every owner or management team needs an exit plan. Life and business are both unpredictable and you need a plan to deal with this unpredictability!
No matter your time horizon to sell your business, the time to start planning is now.
Does you have an Exit plan?
If your business does not have a business exit plan you’re not alone. If fact, most businesses do not have an exit plan. Without a business exit plan, you’re potentially leaving hundreds of thousands, and even in some cases, millions of dollars in business value on the table when you go to sell your business.
Even if you’re not thinking about selling your business in the near future, a few changes today could yield a substantial increase in valuation in the future.
At BroadCreek, we’ve seen businesses with an exit plan sell for in some cases 25% more than a comparable business without an exit plan.
Percentages of businesses that have a exit plan
At BroadCreek, we partner with small business owners to create methods to increase the value of their businesses so they can sell and exit at a Maximum price on their terms.
A Business Exit Plan from BroadCreek, takes the business owner and management team through a series of exercises and questions to examine the businesses current operations, current business value, and the businesses current marketability. From these exercises and questions the business owners and management team are given a complete step by step road map on items needed for improvement in order to maximize the businesses value for an exit on the owners terms.
- What will happen to my business if I die tomorrow? How will my family, legacy, and business survive?
- How well is my business positioned for a sale today? How does it compare to other businesses like mine?
- What can I do today to increase cash flow immediately?
- How is my business perceived in the marketplace? What does this perception do to a business value? How can I improve it?
BroadCreek’s 4 pillars to Maximizing your businesses valuation
By utilizing BroadCreek for you businesses exit plan we will examine your businesses current state in each of these 4 pillars and give you an actionable road map to maximize the value of your business today.
External Market & Perception
Business Exit Planning Services
When developing our exit planning service options, we believed that it was vitally important that all businesses an business owners no matter the size had access to a exit plan. Time and time again we’ve seen that with an exit plan , so they could understand. Please note when you go through an exit planning process its a very hard process to even the most grizzled of business leaders. Although we will find things that can be improved with your business that can increase cash flow and value immediately, please understand the report is intended to be critical of your business in a helping way. Although the report is critical, plese undersand it will help you maxamize the value of your business.
Business Exiting Planning - The Business Exit Assessment
In a business exit planning assessment, BroadCreek will provide a light examination of your businesses feasibility for a future sale. In this engagement we will objectively review your current business, its value, and how its positioned in the marketplace. This project takes about 2 to 3 weeks to complete and will require at least 2, 3, or more 1 hour phone calls with the businesses owner. Additionally we will need access to your businesses financial statements. Before beginning any work we will gladly execute a non disclosure agreement with you and your business. The final work product you will receive is a web conference presentation with us and a 20-30 presentation that includes a objective current business assessment, your current businesses value, and your positioning within the marketplace.
The cost of the business exit planning assessment is $1,900. If you buy the business exit planning assessment and use BroadCreek to list your business at any point in the future, we will deduct and credit you the exit planning assessment off the commission.
Business Exiting Planning - The Full Plan
The BroadCreek - Full Exit Plan, will provide a complete examination of your businesses feasibility for a future sale at multiple points in time. In this engagement we will objectively review your current businesses practices based on BroadCreek’s 4 pillars to maximization of a your exit value: Cash Flow, External Market & Perception, Financials and Internal Operations. This project takes about 4 to 7 weeks to complete and will require at least 4, 5 or more 1 hour phone calls with the businesses owner. Additionally, depending on the size of the business we may need to talk with your management team. We will need full access to your businesses financial and operational statements. Before beginning any work we will gladly execute a non disclosure agreement with you and your business.
The final work product you will receive is a 40-60 presentation that includes: 1) a objective current business assessment based on BroadCreeks 4 pillars of business value maximization, competitor assessment, 2) A Full Business Valuation (based on Asset Approach market Approach, and Income Approach) 3) Business Owner Retirement Assessment (what you need to sell your business for and a roadmap to get their) 3) Market Assessment 4) Competitor Assessment 4) Business What if Valuation 5) Steps and action plan to maximize your businesses value
The cost of the BroadCreek - Full Exit Plan is $7,500. If you buy the BroadCreek - Full Exit Plan and later use BroadCreek to list your business “at any point in the future,” we will deduct and credit you the exit planning assessment off the commission.