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NorthkeepMaine property tools

NORTHKEEP SUCCESSION KIT

Plan the next owner of your Maine business.

Most Maine business owners plan to retire within ten years, and fewer than one in five has a written plan. This kit walks you through it in plain English: what your business may be worth, who could take it over, and the Maine programs that help, many of them free.

$49, one-time download.

What's inside

  • A 30-minute readiness check
  • Your five exit paths compared: family, key employee, employee ownership (co-op or ESOP), outside buyer, or a planned close
  • A valuation worksheet (spreadsheet) that estimates a price range from your own numbers
  • A 5-year, 2-year and 6-month transition timeline
  • The 'business binder' checklist buyers and lenders ask for
  • Letters to tell employees, customers and suppliers
  • Maine help directory: Maine SBDC (free advising), the Cooperative Development Institute (employee ownership), CEI and FAME (financing)

This kit is education, not legal, tax or financial advice. Bring it to your accountant and attorney — it will make those meetings faster and cheaper.