Retiring from the business you own

You run a successful business, it’s got good staff and makes a bit of money. But you’ve got one eye on the day you can retire. You want to see a bit more of the world, or spend a bit more time with the grandchildren.

By Paul Bailey, founder, Master Objective.

What happens to your business? Of course the dream scenario is that a rich and generous investor calls you with his chequebook open and wants to know your price. If that’s you, and the price is right, then go for it!

You could break up your company and sell off the assets. If that covers any debt you have then great. But what about your loyal and hard-working staff? That leaves them without employment, and you don’t want that as your legacy.

You could simply work until the day you drop. But I think you deserve to reap the rewards of your decades of hard work. So what can you do?

We take on the debts, the secured loans, the personal guarantees and the burden of the business. You’re free from all ties, free to book that cruise or go visit the family. The day you can retire is here.

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