Business owners often have a lot of options related to this topic of selling a business.  It is a myth that the sole option is to sell only to third parties.

There are multiple possible buyers for a closely-held business.  Some of the most common possible buyers are:

  • A strategic buyer, such as a competitor
  • A buyer who sees a financial opportunity
  • Management Buyouts (MBO)
  • Family Members
  • Employee Stock Ownership Plan (ESOP)
  • Private Equity Groups (PEG)
  • Initial Public Offering (IPO)
  • Etc.