Selling a business, particularly one you have built from nothing into a successful organization over decades, is an incredibly difficult decision. We at Evermore Industries understand this struggle and are here to be a partner for you through this process. We also know that selling a business is a two-way street where both buyer and seller should be aligned in their expectations of the future. This is why we have written up a short collection of comments we regularly hear from owners and how Evermore responds.
“I am not quite ready to sell, but I want to learn more about selling my business.” -Owner
Fantastic. We would love to get into the details of how a transaction comes together. We can tell you more about how we would value your business, the best things to complete before actively pursuing a transaction and much more.
“I would like to do more of what I love to do and less of what I don’t like to do.” -Owner
This scenario typically takes two forms: (1) an owner started a business because they love the product or service being sold, but are now forced to do many of the functions of running the business that they do not love or (2) an owner wants to spend more time with family, but isn’t quite ready to step away from the business entirely.
We are happy to help make this a reality for you. Given our ability to step in and help with day to day operations immediately, we can design a plan where you spend your time doing what you want to do and we do the rest.
“It is time to reap the benefits of what I have built, but I also want to participate in the next phase of growth.” -Owner
This scenario makes us smile. We agree that you should benefit from what you have built, and we would love to have you involved in the future of the business. While Evermore looks to acquire majority ownership, we are always happy to have owners retain a financial interest in the business after a transaction. Some sellers elect to retain an equity interest to take a bit more risk, while others prefer to provide seller debt and lock in their return. We are happy to have you participate in either way.
“My employees are like family to me and I want to make sure they are taken care of under new ownership.” -Owner
People make great businesses; it is that simple in our mind. Having happy, high achieving, dedicated employees is always priority number 1. We welcome the opportunity to get to know you and your business, because no matter how much we write about people being our top priority, nothing can replace getting to know the actual individuals. You are always welcome to reach out with tough questions and we will be here to give you our honest answers.
“I don’t care who buys my business. I simply want to sell to the highest bidder and promptly move to the beach.” -Owner
While most owners are not this explicit, it is a perfectly understandable perspective. If this is your scenario, we at Evermore Industries are likely not the best fit for you. There are plenty of other buyers who will use more leverage and look to make fast changes with the businesses they acquire in order to justify paying the highest possible price.