developing an exit strategy for an established small business
Table Of Contents
<p> <br>Table of Contents<br>
Chapter 1
: Introduction<br> - Background on John's Hardware<br> - Goals of developing an exit strategy<br> - Scope and limitations of the project<br><br>Chapter 2
: Evaluating Exit Options<br> - Selling to employees (ESOP)<br> - Selling to an outside buyer<br> - Closing the business<br><br>Chapter 3
: Valuing the Business<br> - Historical financial analysis<br> - Projected financial statements<br> - Determining fair market value<br><br>Chapter 4
: Developing an Exit Strategy<br> - Recommended exit option<br> - Transition timeline<br> - Succession planning<br><br>Chapter 5
: Implementation Plan<br> - Marketing the business for sale<br> - Negotiating sale terms<br> - Managing the transition process <br></p>Project Abstract
Abstract
This project will develop an exit strategy for John's Hardware, a 30-year-old family-owned hardware store located in a small town. The owners, John and Mary Smith, are ready to retire in the next 5 years but want to ensure a smooth transition of the business. This project will analyze options for exiting the business, including selling the business to employees, selling to an outside buyer, or closing the business. Financial projections will be created to determine the business' current value. An exit strategy and transition plan will then be developed to guide the Smiths in achieving their retirement goals while protecting the future of the business and their employees.
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