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 2017 has been published. View, print or download here:

http://www.vrnewhaven.com/wp-content/uploads/2018/01/CT-Exit-Planning-Survey-Report-2017.pdf

Among key findings, the survey concludes owners have remained optimistic about exiting their business, but the majority of owners selling within the next 5 years do not have an exit plan.  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.

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 their clients’ interest in issues related to exit planning, with the belief that it is important to quantify the challenges ahead for business owners as the population ages.  The market surveyed included owners of businesses with revenues under $20 million, located in Connecticut, and operating in a wide range of market segments.  See the report for more details.

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.

###

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