The situation beforehand

The father and son partnership were running both a plant nursery and camping facilities. With their attention split it had been difficult to focus fully on one aspect.

The father wanted to retire from the business and needed an exit plan to provide a comfortable and happy retirement.

The son wanted to develop a new and exciting idea within the camping sector and needed to ensure he had the capital to invest in this whilst providing a secure future for him and his young family.

The success we've achieved

We guided our client throughout the sale process from original offer to the completion. We negotiated an increased price on behalf of our client resulting in the father being debt free on retirement.

We advised on the tax ramifications which resulted in our client taking advantage of Entrepreneurs Relief on the majority of the proceeds. This enabled the partners to top up their pension provision which has the added benefit of tax efficient estate planning.

The son now has the funds to move forward securely and can focus on his new business venture, providing for his future.