My interest is driven by a trend that first became apparent amongst retiring business owners that I know personally. That is, many retiring owners have built strong operating businesses with track records extending into the decades; however many do not have actionable succession or exit strategies in place. Retiring OwnersTo put things in perspective, SMEs account for 57% of Australia’s GDP and employ 7 million people. Further, buying into an operating business will require equity capital that will typically equate to half the value of the business, that is assuming one is willing to take on acquisition finance. Equally, investors must closely scrutinize the reason for why the owners are looking to sell.

Source: Forbes August 31, 2017 01:18 UTC