If there is no market for your business (unlikely) you can opt for the Liquidation alternative.
You sell off all your assets, collect outstanding receivables, pay creditors and keep what’s left.
For instance, if you own a factory which has grown exponentially in value since you bought it, the real estate itself may be worth considerable more than the business as a going concern.
In this case, Liquidation would unlock that value.
However, in most cases, Liquidation should be considered a last resort. Something you do only if you cannot find a successor or if the sum of the parts is worth more than the whole.
Important – The choice of transition strategy requires careful consideration of the consequences and trade-offs involved. We devote a lot of time with clients in choosing the smartest transition decision, that is aligned with individual circumstances.