Aug. 31, 2017
Partner Buy Out: Robotics Company
Exit Consulting Group (ECG) is assisting the founder of an existing robotics company in the repurchasing of a minority interest shareholder position and then reselling to a new investor. ECG will negotiate a MOU with an existing investor regarding their investment and will execute the legal documents needed to purchase the shares back from them. ECG will formalize a MOU with the new CEO regarding their investment and formalize CEO Employment Agreement regarding stock purchase value and options.
Aug. 30, 2017
New Listing: General Contractor
A very reputable commercial general contractor is looking to exit the business. They offer full design/build services and have ten years of commercial contracting experience. Business includes a very strong list of past clients, great management team and a wonderful office space.
July 31, 2017
New Listing: Medical Weight-Loss Company - ECG#5009
Rapidly growing and profitable online medical weight-loss company providing doctor-supervised diet programs nationwide. Considered a TeleHealth business because they provide customized weight-loss programs for clients by utilizing a unique combination of virtual consultations, drop-shipped prescription medications, and proprietary weight loss support products. Staff includes doctors licensed in all 50 states, nutritionists, weight-loss coaches, and sales staff.
July 30, 2017
ECG To Step in as Interim CEO
Exit Consulting Group (ECG) has been hired as interim CEO for a family retail and manufacturing business currently owned by generation three. Despite industry trends upward, the business’s profits have been declining. ECG is working with the owners to determine the most sustainable path forward. This will either be to implement systems and processes to drive value and increase profits or to pursue selling the business.
July 29, 2017
Client Update: Implementing ESOP
A construction company has successfully converted their business to an ESOP. Exit Consulting Group has been aiding in implementing the transition for owners to step into the role of board of directors, as well as the implementation of a new CEO. This has also involved training for the current upper management team.
July 28, 2017
Internal Sale: Engineering Company
ECG Accounting Department to prepare the business’s financials and bookkeeping for an upcoming internal sale. This process will allow the key employee looking to purchase the company to qualify for financing. Once complete, Exit Consulting Group will oversee the transition logistics.
July 27, 2017
Internal Sale: Construction Industry
Exit Consulting Group (ECG) creating and implementing a three to five year transition plan for the exiting owner of a construction company. The ultimate goal is to sell the company to a key employee. In order to prepare both the business for the transition and train the key employee for ownership, ECG will be implementing trainings, developing robust accounting systems, and working to tighten up the financials.
July 26, 2017
Partnership Transition: Medical Company
Partner in medical company exiting business. Exit Consulting Group has been hired to sell the remaining shares to the existing partners, as well as oversee the transition. This includes addressing the legalities, insurances, and other logistics included in the transition.
June 30, 2017
New Listing: Electronics Repair & Refurbishment for Education Sector – ECG#5007
Highly profitable business that repairs and refurbishes electronics for specific educational products. Low overhead, high margin operation in business over 10 years with a great reputation for customer service and quality workmanship.
June 29, 2017
New Listing: Furnishings and Interior Design Business – ECG#5004
Profitable home furniture and decor, drapes, and interior design business based out of a beautiful retail showroom serving an affluent San Diego community. Revenues are consistently in $2M range with profits of approx. $439k (average over last 3 years). A family-owned business in operation since 1992.