Exit Readiness Questionnaire

1

When would you like to exit your business?

Less than 1 year

1-3 years

3-5 years

over 5 years

2

Have you identified which exit option you want to use?

No, I don't know my options

No, I am undecided

I know exactly how I am going to exit the business

3

Are you open to different types of deal structures?

I don't know what deal structures are common in my industry

I know the types of deal structures but am undecided

I know exactly what type of deal structure to use

4

Do you have access to a core advisory team? (CPA, Financial Advisory, Attorney at a minimum)

I have all of these

I have some of these

I have none of these

5

Are your partners and/or family in agreement with you exiting the business?

Yes, all partners/family members fully agree

No, some disagreement but I have voting control

No, there are unresolved disagreements

Unknown, the issue has never been discussed

6

Do you have a specific plan regarding what you would like to do after you exit the business (playing golf doesn't count}?

No plan

I have an idea of what I want to do

I know exactly what I want to do

7

Do you have proper insurance for you and your business?

Yes, all insurances are in place

Yes, but there are gaps

I don't know

8

Do you know how much you would need to sell the business for to call it a success?

Yes

No

Yes, but analysis is incomplete

9

Do you have a contingency plan in case you become incapcitated?

No

Yes, but it is incomplete

Yes, plan has been written and shared with the team

10

Do you have a financial plan that covers retirement planning, investing, tax planning, and estate planning?

No

Yes

Yes but the plan is outdated or incomplete

11

Do you know the estimated value is of your business?

No

Yes

I know a ballpark number

12

How long could you go on vacation and not have to work?

Not at all

I could go a week without checking in

I could go a month or more without checking in

13

How is your customer concentration?

Top 5 customers under 10% of sales

Top 5 customers are 10-50% of sales

Top 5 customers are over 50% of sales

14

Do all of your top employees have a backup designated?

No

Yes

Some do, some do not

I am solo with no employees

15

Is your equipment and IT up-to-date and in good working order?

Equipment and IT are in good working order

Needs minor expenditures to replace or update

No, significant capital expenditures are needed

16

Sales are generally...

Decreasing

Increasing

Staying the same

17

Have you documented your office, service, manufacturing, and marketing processes?

No, they are not documented

They are somewhat documented

They are documented and used

18

To start with an estimated valuation, what is your NAICS code?If you do not know your NAICS code, what is the nature of your business?

19

What is your estimated annual revenue?

20

How much do you pay yourself, pre-tax, as an owner?

21

What is the estimated value of your inventory? Equipment?

22

If you own your real estate, how much is it worth?

23

Is there anything else you want us to know?

24

What is your email?* This field is required.We will reach out to you shortly with your assessment.

example@example.com