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Exit Strategy (Sale of the company (Owner receives cash (Consider brand…
Exit Strategy
Sale of the company
Owner receives cash
Consider brand presence in price
Make sales agreement
1.Hire qualified business appraiser
Find right buyer
Share the same vision
Experience in the animal industry
Can buy in full
Sold to person
Must want to be involved
Must be animal lover
Must have experience in animal behavior
Change in ownership
Contract to keep current employees
Must keep the name
Must keep core values the same
Acquisition by another company
Bought out by existing entity
Must have experience in animal industry
Cannot merge the company being sold into theirs
Must show corporate responsibility
Owner receives cash or stock
Must receive cash
Agree on price
Owner paid in full
Owner staying during transition is negotiable
Core values must stay
Employees must have the right to stay
I will stay during transition
Corporate brand/identity may diminish
Brand must stay
Name must stay the same
Business must stay the same, just being ran by different ownership