My family is considering a sale of our manufacturing business. How realistic is a successful sale?

[teee]

@srdtrinity Thank you for this input.

Yes these numbers are excluding things like insurance policies we have cashed and other misc income/expenses.

I’m thinking I have not been realistic enough with myself. I agree with the 3 options you laid out, obviously number 3 is out. My aunt is set on option 1, growing the business, but that’s what we’ve been trying since I joined 4 years back with little success.

I may propose a valuation for it to sink in, then offer to assist in equipment sales / winding things down. If that doesn’t happen I’ll have to just walk.

I appreciate the offer! I’ll message you about setting up a call some time.

 

[davidstoddard]

@teee You might be able to sell off the business assets, but if you're losing a quarter million dollars a year, you don't have a business to sell. Your aunt just has an expensive hobby.

 

[mcpugh]

@teee Some people need to be hit over the head with a 2 X 4 before they get it.

Spend the $4,500 or so to engage a certified appraiser to prepare summary property appraisal.

When it’s finished, read the executive summary to your aunt to let realty set in.

 

[sahartech]

@teee If this business is in GA, AL, or TN DM me.