Selling or transitioning a manufacturing business often takes years and specialized knowledge.
Sean Tarry
General
April 15, 2025 – According to research conducted by the Canadian Federation of Independent Business (CFIB) in 2023, over three-quarters (76%) of small- and medium-sized business owners are planning to exit their business within the coming decade. However, they face obstacles in doing so, with the most common challenge being finding a suitable buyer (54% of owners struggle with this). Other hurdles to overcome include valuating the business or getting the business to run well without their input, otherwise known as working “on” and not “in” the business.
Selling or transitioning your manufacturing business to new owners represents a big step, and one you only get to take once. It pays to start early, plan thoroughly and seek expert advice. In light of this, a new event happening this spring is gathering the owners of Canadian small- and medium-sized businesses to do just that.
Whether you are a five-person operation or employ 500, SUCCESSion 2025 is a one-day event that will help you begin preparing for this big step. The time-effective format covers:
- Effective strategies for family-business transition
- Timing and valuation tips
- Building a template and two-year plan for your own business transition
- Real-life case studies of successful transitions
- Tax and legal considerations
- Employee and management ownership options and case studies
- Understanding buyer motivations
If you’re thinking of selling or transitioning your business next year or in 10 years, experts suggest you start building a plan as early as possible to maximize your return and protect your legacy. Join 150+ business owners and operators just like you for this informative networking event to get started.
To register for SUCCESSion 2025, or to find more information about the event, visit:
https://events.annexbusinessmedia.com/event/succession-the-business-of-selling-your-business/
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