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Commercial Banking > Business Succession > Consider Your Exit Options

Consider Your Exit Options

There are three main exit options for business succession:

 

Your advisory team can help you assess your options and decide which exit strategy is right for you, your family and your business.


Business Succession Strategies
Breakdown(1) by Company Size
Total Revenue less than $1 Million Revenue $1 to $5 Million Revenue more than $5 Million
Pass business to family members 30% 28% 42% 29%
Sell to 3rd party 38% 40% 19% 34%
Sell to management/employees 12% 12% 17% 15%
Sell to partner 6% 6% 10% 11%
Don’t know 5% 5% 8% 11%
Wind down business 9% 10% 3% 1%

1) Quantitative Study of the Business Succession Market in Canada (March 2007)