2 Businesses Sold so Owner can Retire

by Veronica Doxey 11th of October, 2021

2 Businesses Sold so Owner can Retire

At NAI Harcourts Rinnovate Business Brokers, we specialise in getting the challenging sale transactions completed.

We have recently assisted a client with the sale of two of their businesses, to enable them to retire successfully. Both transactions were complex, and we were able to structure a sale of each business to deal with the particular issues involved.

One was a Pallets business, operating through a National Agency Agreement. The sale needed to take into account the approval requirements of the national company over a 12 month period post-sale, and the buyer had to be prepared to take the risk on buying into the business and subsequently meeting these requirements so as to gain a long-term Agency Agreement.

This risk in turn affected the financing of the purchase. The transaction was completed successfully.

The other business was a quarry and related retail distribution outlet. While there was substantial interest in the quarry, the vendors did not want to sell this without also selling the retail outlet.

A suitable buyer was sourced, and we worked with them for over 12 months to meet all the requirements for the sale to proceed. This included a separate sale of some plant/equipment items, and a vendor-financing arrangement.

Tags: business owner retiring sold