is right for you if ...

You are within ten years of exiting.

You need to decide which exit route will best accomplish your goals…

• Sale to a third party?

• Management buyout or employee stock ownership plan (ESOP)?

• Transfer to children?

• Liquidation?

You want to test the feasibility of a sale or transfer to management/key employees or children.

You need to know how ready you and your business are for a successful exit.

You need to understand the risks involved in planning your exit.

You need assistance with the design and implementation of your exit strategy.

PROCESS

discovery

Establish your exit goals and identify the ideal route.

• Clarify exit goals and objectives: financial, values-based, and legacy.

• Review the pros and cons of each applicable exit route (sale to third-party, sale to insiders, transfer to children, ESOP, liquidation).

• Create an Action Plan.

ASSESSMENT, Analysis, and Action Plan

Comprehensive business analysis from the perspective of a potential buyer, investor, or lender. It also includes assessing plans for business continuity and personal exit readiness.

• Estimate of business value and financial analysis.

• Identify risks to protecting and building value.

• Assess owner-centricity and management succession.

• Review plan for business continuity (death and disability).

• Business and personal exit readiness assessments.

• Action Plan.

plan design and implementation

ENNIS Legacy Partners coordinates your Advisor Team's final plan design and implementation.

• Coordinate and facilitate meetings.

• Create meeting agendas.

• Create and send follow-up actions.

• Monitor and manage project progress.

planning a sale to insiders

Selling a business to key employees or children can be rewarding yet complex. Our process of Feasibility Analysis and The Partnership Charter will address the pertinent risks involved.

Step One: Feasibility Analysis

Testing the financial feasibility of a potential insider sale is essential to understanding the risks and rewards of selling your business to insiders.

• Assess goal alignment with the Insider Sale exit route.

• Estimate the value of the business.

• Project future business cash flow and model buy-out scenarios.

• Determine whether the potential buyers would accept the financial risk.

• Determine if current operations would support a successful transition.

Step Two: The Partnership Charter

Step One, the Feasibility Analysis, has been completed, and all parties are motivated to move forward. The Partnership Charter process serves to gain deeper clarity about the potential buyers' future as partners. Addressing these issues before the transaction is completed will minimize risk and help ensure a successful partnership.

• Business Vision & Direction

• Personal Values

• Expectations

• Ownership

• Roles & Authority

• Money

• Contributions & Rewards

• Managing Disagreements

Get Started with the FREE ExitMap® Assessment™

After answering 22 questions, you will receive a 12-page summary report ranking your preparedness in these four major planning categories: Finance, Planning, Profit/Revenue, and Operations.

NOTE: We do not request any confidential information with this assessment.

VIRTUAL PLANNING RESOURCES

If you're a small business owner located on Main Street with revenue under $3 million and fewer than 20 employees, and you're interested in starting your exit journey virtually at your own pace, our Virtual ExitReadiness® Resources are ideal.