Why winery business owners should consider preparing a strategy for their exit sooner than later.
In their contributed article for Grapevine Magazine, BPM Advisory Partners Edward Webb and Kemp Moyer examine succession and exit planning strategies for winery business owners. They encourage owners to create a “harvest strategy,” laying out the financial and operating story of the business that owners need to know and detailing owners’ goals and when they plan to exit the business. Early planning can lay the groundwork for businesses to be ready to transition quickly if the worst were to happen or if an opportunity should arise.
As Webb and Moyer explain, there are numerous variables for owners to consider, but being prepared for this transition is essential to avoid costly mistakes and maximize the value of their business.
BPM Exit Planning
For step-by-step guidance on your business’s transfer planning strategy, BPM’s Business Transformation team is here to help. From business valuations and exit planning strategy, to business ownership transition and transaction advisory, our experienced professionals provide you with all the resources and assistance you need at every step of the way to maximize the value of your company, so you can exit on your terms.