January 21, 2022
WHAT WOULD YOU DO IF YOU WERE GIVEN 6 MONTHS TO LIVE?
Brutal question .. eh? But relevant and true. Unfortunately, we have been involved in a few of those – “I have to find a buyer / a partner / etc.” situations. It is not pleasant for anyone. Even worse – we have also taken a few phone calls from widow(er)s.
But ask yourself what you would do in that situation. How about take care of that possibility before you are in that position. There are solutions: partner, sell & stay contract, continuity agreement, associate, MGA and/or Dealer agreement. Maybe Queenston can help.
Another related question –WHEN IS the best time to sell? I am sure you would agree, the answer to that question is:
#1 – when you are ready, and
#2 – when the markets are high, borrowing money is cheap and demand and the multiples are at record levels.
Queenston is not sure if you are 100% ready but #2 is what is happening right now (multiples have almost doubled in the last few years) – for more information on what is happening in the marketplace – Click here. Now is a great time for a Sell & Stay arrangement / partnership / merger or an outright sale.
WHY NOT GIVE US A CALL BEFORE THERE IS A PROBLEM!!! Queenston can help with all of the above.
(Remember that old saying “the cobbler’s kids go barefoot”! – take care of your business.)
Want to see a synopsis of Queenston’s work in 2021? See an overview of the deals we worked on and the multiples being paid. Click here.