16 Apr Exiting the Business
Situation: The owners of an established, successful Jacksonville franchise engaged us to value their company as they contemplated options to exit the business. In our discovery conversation, they noted a key employee who had expressed interest in buying the business. Although they were reluctant to engage directly with the employee in a discussion to purchase the business, this was their preferred option.
Solution: Upon completion of the valuation, we reviewed our findings and recommended they consider an alternate approach to sell to the key employee while protecting the employer-employee relationship they valued and enjoyed. Working with contacts in our network, we were able to connect the parties to the appropriate professionals who assisted in negotiating a purchase agreement and qualifying both the business and the buyer for an SBA loan.