As the current generation of machine shop owners ages into retirement, shops may experience some kind of ownership change within the next 10-15 years—either by selling the company to a third party, passing it to the next generation of family members or key employees, or simply closing their doors and selling off the assets. The reality is that less than 40% of all companies that go for sale will end up with a successful exit. And almost universally, shop owners believe their shops are worth far more than the market will pay. With these two statistics to consider, the likelihood of a successful sale for a price a shop owner wants is exceedingly low. Given the fact that many shop owners have the majority of their net worth tied up in their businesses, the outcome can be disappointing at best. The good news is that with forethought and planning, it's realistic to more than double the value of most shops in 2-3 years time, and dramatically increase the chance for a successful business transition.
The “Machine Shop Ownership Change Conference” focuses on providing shop owners information to improve their company value, make the process of business transition much less risky and increase their chance of success. Join us to learn how you can significantly improve your chance of success, even if your transition event is years away. Speakers are pulled from shop owners who have been through this process themselves, or experts who serve this industry who will share behind-the-scenes stories of business sales and transitions. This is the first time that a national event of this caliber brings together a collection of speakers with such a concentrated level of experience in this specific topic.
Attendees will be provided with recordings of all sessions as well as provided access to a directory of machine shop buyers and the opportunity to connect with those companies for future conversations. Your participation in this event is strictly confidential and your details will not be shared without your express permission. Co-presented by: