With baby boomers looking to retire in record numbers, the number of business that will transition over the next decade will be high. As appraisers, we are in a position to assist these business owners in meeting their business transition needs through planning, providing different transition options, valuation analysis, and cash flow implications.
Understand market conditions that will drive demand for transition planning
Assess timing for an optimal transition plan
Define the key steps in a transition plan
Define Options for business owners that are looking to transition
Understand how business appraisers can work with other business advisors to assist with transition planning
Understand how to work with business owners to define the best option for the client