Business Owner Looking To Monetize

BUSINESS OWNER LOOKING TO MONETIZE

A business owner came to us after reviewing an offer to purchase his business.

THE SITUATION

• Successful business owner with around 50 employees
• Accumulating a lot of cash in bank; no clear investment strategy
• Not sure what financial resources are needed for the rest of his life
• Unsure of whether it's a good time to sell his business, or good enough offer

OUR APPROACH

• Developed a long-term cash flow plan to project retirement income needs and the pros and cons of different payout methods
• Analyzed the risk associated with timing of the sale relative to the current business cycle
• Worked with his business and personal tax advisor to accurately reflect a hypothetical sale in the financial plan

SIGNIFICANT RESULTS

• Recommended to sell the business at this time
• After monetizing the business, the investment company implemented a robust investment plan
• Sound estate plan in place adhering to clients' wishes