
Business owners decide to sell for one or more of these four most common reasons:
Not Enough Income / Too Much Debt
Many businesses simply go out of business because a business that isn’t profitable isn’t usually saleable.
Retirement / Burnout / Health Issues / Death of Owner
Often the plan is to pass down the business to a family member, but in many cases, the family members don’t have an interest or the skills necessary to run the business.
Partner, Management, Legal, or Personal Issues
In some cases, such issues are insurmountable by the business owner for personal, economic, or legal reasons.
Tired Brand / Loss of Market Share to Competition
These are the most common reasons why some businesses lose profitability and simply go out of business.
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Toronto ON M4C 5P9
info@rhohex.ca
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