You know what the value of your business is. Right? And you are sure the proceeds from selling your business will fund your retirement and secure your future financial independence. Right? Wrong!
The vast majority of business owners selling a small business with the hope of living on the proceeds experience a 70% drop in their lifestyle – or more!
It doesn’t have to end that way for you.
When you are doing your retirement planning and selling the business is a key component, the Podolny Group Business Value and Retirement Assessment© can ensure that you will improve the value of your business and create the future retirement income you want and deserve.
Contact us at info@businessexitandsuccession.com and find out how quickly you can change your business from one that leaves your future short to one that allows you to retire in style.
How can this be true? How can you spend a lifetime building a business and find that the valuation of your business when you sell is so low? It is one of the dirty little secrets of that neither your accountant nor your lawyer knows enough to even tell you.
You’re saying, “This can’t possibly be true?” Look at this.
A Typical Business Sale:
The Business
Annual Sales – $7,500,000
Two Owners with 50% Ownership- Compensation of $250,000 each
Adjusted Free Sustainable Cash Flow = $750,000
Pretty nice business, right?
How the business sale unfolds for the owners:
Valuation of Business at 5 Times Cash Flow = $3,750,000
Tax on Sales Proceeds @ 25% = $937,500
Each Owner’s After-Tax Proceeds = $1,406,250
Earnings if they can earn 5% = $70,312!
Loss of Lifestyle = $179,688…A 72% Hit!
This is what happens when owners think they can retire by selling a business.
But it doesn’t have to happen this way. You can take advantage of our proven, time- tested methods to take advantage of business strengths you don’t even know you have. And turn those into the power to create the post business sale life you want and deserve.
Don’t delay. Find out more about the Business Value and Retirement Assessment©. Contact us at info@businessextandsuccession.com today and find out how easy it is to adjust your business strategy and tactics to create the retirement outcome you want and need.
Will you be one of the majority of business owners who want to retire and sell your business only to find that you’re taking a 70% reduction in your lifestyle or more?
Or, will you take advantage of the knowledge available to you? Will you use the proven, time-tested techniques that can leave you with the retirement income you want and need?
Contact us now at info@businessexitandsuccession.com.
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