Finding the ideal succession plan as you move on from your business can feel overwhelming. Complicating matters are the options-within-options for where your business could end up, including various types of employee-owned arrangements.
At Empowered Ventures, we’re a 100% employee-owned holding company, which is a relatively unique employee ownership succession option available for business owners. We find that businesses with $1 million – $5 million in earnings (profit/cash flow), owners who wish to receive cash for their business, and owners who want a flexible approach to seller debt (if any), are a good fit for EV.
Business owners also care about a lot more than financial considerations. Our approach enables owners to have more peace of mind, including the ability to:
- Craft your own exit plan: we will work with you to craft your role and timeline after closing, including an exit if that is the outcome you’re seeking.
- Take care of your employees and customers: feel good about the outcome for your employees and customers.
- Preserve what makes your company special: we take a do-no-harm approach and work with you to define a post-close operating plan that will enable the business to continue thriving.
- Secure your legacy: we will take a stewardship approach to your life’s work; owners who have already sold to EV have expressed to us a lasting sense of relief knowing their business is in good hands.
- Keep customers: your valued customers are informed of the decision to go employee-owned collaboratively and we’ll help you explain the employee ownership structure, EV’s strong financial position, and to expect zero disruption.
We are happy to help you explore your options. Reach out to us.
