The CT Business Owner Exit Planning Survey will be returning for a second year with VR Business Sales – Mergers & Acquisitions, Marcum LLP and the law firm of Zangari Cohn Cuthbertson Duhl & Grello P.C championing the effort.  The survey will launch October 2nd, owners can sign up to be notified when the survey is available at: survey.vrnewhaven.com.  Participants can receive a copy of the published report.

Last year’s survey showed that while owners are optimistic about selling their businesses, the vast majority of owners are ill-prepared to do so.  Proper planning is critical to optimizing sale price and ensure transaction value meets owner needs in retirement.  Failure to do so may have significant implications for the national and local Connecticut economy.

“We’re committed to helping owners in the state prepare for the economic pressures ahead from a competitive transaction market. The survey will underscore the importance of exit planning, while measuring progress in owner readiness.” - Jeff Swiggett,CBI, M&AMI, VR Business Sales Owner

In the US, there are an estimated 8 million baby boomer business owners who will need to exit their businesses over the next fifteen years. This transfer of assets will have a large impact on the market for business sales.  The survey aims to measure how prepared CT owners are and what assumptions they are making regarding the sale of their businesses.