Jack built NE Offset Printers, Inc. 31 years ago. At age 67, decided it was time to sell. His accountant told him $4.5 Million was comparable to a couple of sales he was ‘aware of”, recently.
The problem was at $4,500,000 Jack could expect transactions costs of about $200,000 - $250,000 and taxes of $1,000,000, leaving him with a net of around $3,00,000 - $3,250,000. With personal savings not exceeding $100,000, and retirement assets around $600,000, Jack was pretty clear his lifestyle was going to take a pretty big hit.
Instead of worrying about the sale, the effect on his health, the business economy, unstable investments and the suspicion of rising taxes, Jack came to Exit The Family Business and purchased his 7 Pillars of Value Creation Report.
The Exit team identified a multiple of the low to mid 5’s was where he needed to be, not the mid 3's he was at. Working with the Exit Team he was able to bridge the gap & increase the value of his business. You can access the full case study
HERE but for now, take a look at the figures below: