Exit Planning is a critical topic for Connecticut business owners, especially as baby boomers continue to retire.  The CT Business Owner Exit Planning Survey for Year End 2016 has been published. View, print or download the report here:

http://www.vrnewhaven.com/ct-business-owners-exit-planning-survey-2016-year-end-report/

Among key findings, the survey concludes owners are optimistic about selling and exiting their businesses, but also identifies those selling within the next five years are ill-prepared to do so. Proper planning is needed to optimize sale price and ensure transaction value meets exit needs for life after sale.  

The Connecticut Business Owners Exit Planning Survey was created to measure owner readiness and sentiment for selling a business in Connecticut. VR Business Sales – Mergers & Acquisitions, Marcum LLP and the law firm of Zangari Cohn Cuthbertson Duhl & Grello P.C. teamed up to conduct this survey because of the Firms’ and our clients’ interest in issues related to exit planning, with the belief that we need to quantify the challenges ahead for business owners as the population ages.

The market surveyed included owners of businesses with revenues under $30 million, located in Connecticut, and operating in a full range of market segments with exception of the hospitality and retail sectors.

About VR Business Sales - Mergers  & Acquisitions

VR Business Sales New Haven represents owners of businesses valued between $500,000 and $25 million or with annual revenues from $1 million to $30 million.  Operating within a wide range of industry segments, the office provides exceptional merger and acquisition advisory services to companies in Connecticut, Southern New England, and Metro NY.  Independently owned and operated, the office consistently ranks within the Top 10 of the VR franchise network with over 50 offices worldwide.

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If you would like more information about this topic, please contact Jeff Swiggett at 203-772-3773 or email at jeff@vrnutmeg.com.