Food processing business sale or transition takes years and specialized knowledge

Over three-quarters (76 per cent) of small to medium business owners are planning to exit their business in the coming decade according to 2023 research by the Canadian Federation of Independent Business (CFIB). But they face obstacles, with the most common being finding a suitable buyer (54 per cent of owners struggle with this). Other challenges include valuating their business or getting the business to run well without their input, otherwise known as working “on” and not “in” the business.

Selling or transitioning your food manufacturing business to new owners is a big step, and one you only get to take once. It pays to start early, plan thoroughly and seek expert advice. A new event happening this spring is gathering small to medium Canadian business owners to do just that.

Whether you are a five-person operation or employ 500, SUCCESSion 2025 is a one-day event that will help you do just that. The time-effective format covers:

Effective strategies for family-business transition
Timing and valuation tips
Building a template and two-year plan for your own business transition
Real-life case studies of successful transitions
Tax and legal considerations
Employee and management ownership options and case studies
Understanding buyer motivations

If you’re thinking of transitioning your business next year or in 10 years, experts suggest you start building the plan as early as possible to maximize your return and protect your legacy. Join 150+ business owners and operators just like you for this informative networking event to get started.

Details and registration can be found here.