When you want to move on to a new venture or perhaps into retirement, there’s a lot to consider. Should you sell your business, wind it up, or perhaps take a step back from the day-to-day management but continue as a non-executive director? It may even be the case that your ‘exit’ strategy includes radical expansion plans for your business under a new structure.
Celtic Management Solutions will help you evaluate your exit plans or succession options, taking into account the financial position of your business. We can also advise on restructuring to increase the future valuation of your company.
The owners wanted to sell the business and Celtic Management Solutions developed a twelve month exit plan. A business broker valued the business initially at $2m. There was a wholesale and retail side of the business, so Celtic Management Solutions financially restructured the business and the two divisions were sold separately for $2.54m. The owners were delighted with the outcome.
The business owner already had an exit plan to retire and be paid as a non-executive Director, but this previously profitable business had started making major losses, with one year to go until the planned retirement. Celtic Management Solutions implemented a full review and discovered $500k of non-invoiced work. Thanks to Celtic, $375k was recovered and new fiscal management, staffing and software have put the business owner firmly on track for retirement in two years’ time at the age of 40.
You can engage us on a traditional fixed fee arrangement as a management consultant.
We will provide business advice and expertise on a fee plus profit share basis. Joint ventures work best where a long-term business relationship is planned.
If you have a skills gap in your business but don’t have the resources to hire a full time CEO or other specialist manager, we can fill that important gap.
Take advantage of our network of professionals. We will introduce an expert who will suit your business culture and objectives.
Copyright Celtic Management 2014