Accountants for your exit strategy

Why Choose Us For Your

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Risk management

With our help, risks can be identified and mitigated to minimise their impact on the sale or transfer of your business.

Proven track record

Coastal Accounting has a history of successful exit strategies, providing peace of mind for business owners.

Comprehensive assessments

Our thorough financial assessments will clearly highlight the strengths and address the weaknesses of your business and the sale.

Financial & Tax Planning

Succession can have significant tax implications. Accountants help structure the transition in a tax-efficient way, considering income tax, shareholder changes, and the most suitable ownership structure.

Exit Strategy?

It’s never to early to consider your exit strategy - ask us how

Every business journey is different, and exit planning should reflect that. We take the time to understand your business, your goals, and your future plans, helping you build a clear roadmap for the future.

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FAQs

Why do I need an exit strategy?

The decision to leave a business is often complex and whatever the reason, it requires careful consideration. Without proper planning, it can lead to unforeseen issues such as disputes among stakeholders or selling the business and assets below market value. To avoid these pitfalls, having an exit strategy in place beforehand is essential for a successful exit. It's best to be prepared for a smooth transition and a successful process when the time comes to leave your company behind.

What's the process for exit planning?

Whether you plan to sell your company to a new owner, transfer it to key personnel or pass it on to your children, you'll need a roadmap to help you get there. As you can imagine, there's a lot to it. It starts with spelling out your own goals and objectives. Then you must explore the viability and run the numbers for each of the possible exit options.

Further in the process, exit planning also involves identifying potential buyers, assessing the value of your business accurately, and addressing any legal or financial obligations that may arise during the transition period. Feel free to contact us to get things started.

When should I start planning my exit strategy?

If you run a business and you don't have an exit strategy, the time is now. Planning your exit should ideally start early in your business journey — you can include it in your initial business plan. This way, you're always prepared for unexpected changes. An exit strategy is not just for when you want to retire. You should plan it when your business is doing well as it allows you to sell at the best possible time.

Once I have decided to sell my business, how can you assist?

The accounting and advisory services most used at business exit are:

Corporate Tax Planning and Compliance
Wealth Management
Personal Tax Planning and Compliance
Inheritance Tax Planning
Due Diligence
Company Valuations
Liquidation, Insolvency and Corporate Recovery
Corporate Finance

We can also assist with preparing forecasts, queries from the buyer and reviewing contracts. If you would like to discuss your situation, please don't hesitate to contact us.

How can an exit strategy be a framework for growth?

An exit strategy is more than just a plan around how you want to sell your business. A good exit strategy includes your goals and milestones and sets out a journey for your business to follow and be measured against. Regularly evaluating your exit strategy helps you to assess whether your business is on track to meet the goals you have set, what progress you are making and where things need to be finetuned. As your business grows, your goals may change, so keeping your exit plan current ensures it aligns with your business needs.