Exit Strategies for Small Business
After many years of developing a business, the proprietors will inevitably arrive at a stage when they wish to plan an exit strategy which will maximise the value of their business to them for their retirement.
There are about 325,000 small to medium sized enterprises in New Zealand. The average age of business owners in New Zealand is 58 years old. 40% of those owners plan to sell their business within the next 5 years.
Maximising the value of your business may involve important considerations such as retaining your essential staff, securing your market position, securing your suppliers, and franchise agreements.
For specialist advice, Vicki Lawson at Price Waterhouse Coopers (ph 06 833 3712) is able to assist you in grooming your business for sale.
Our commercial team are able to provide detailed advice in respect of the conditions of sale, transfers of leases and other contractual commitments including staff.
Guides to the law
Here are links to the New Zealand Law Society law awareness pamphlets.