I love reading success stories about entrepreneurs…
who have risked everything. Not just their own money, but that of families and friends during the start-up phases of their businesses.
ByBox (based in Harwell, Oxfordshire) has recently gone through an exit for its shareholders. The founder, Stuart Miller, has done a management buyout, commenting that for the founder shareholders, “”Seeing them use it for life-changing things, such as getting out of negative equity, or being able to afford to have a career change has been incredible”. Over 20 of them netted £1m, and many more around £500k in an MBO that valued the company at £105m. A 14 times return on investment for those who originally put up the money, 16 years ago.
Read the full article here
If you’d like to know more about business exit and how QR3 can help you to achieve a smooth transaction – either to help shareholders cash out, or sell your own shares to a trade buyer, then just complete the form and we can have a chat. It’s important that you properly prep your business for sale, whatever the circumstances to maximise the value of the business hen the transaction is done. This can take years in planning and up to a year in execution. Expertise from a QR3 part-time FD who’s been there and done that will help to secure that maximum value.
Complete the form and we can talk about your exit plans