Rothstein Kass (www.rkco.com), a New York based accounting and advisory services firm, recently introduced “Heading for the Exits: Preparing for the Sale of a Family Business,” a survey report that evaluates the near- and intermediate-term outlook for family-owned enterprises considering the sale of a majority stake.
It contains some very enlightening information…
• Over 92 percent of family business owners pursuing a sale reported that no family member is able to take over.
• Inaccurate or outdated business valuations can make it more difficult to determine if a proposed sale will yield a fair price.
• Nearly 95 percent of business owners reported that getting the best price remains a central concern.
For more information on the report, check out this link to Private Equity Professional Digest: