My Exit Strategy

The exit strategy I plan to make is to sell my business in the next 5 years from a management / employee buyout. In a management / employee buyout, the company’s existing managers and employees acquire the company. Eventually, I want to move on from Gainesville and do other things, but I would also like for the venture to still exist at UF in order to “pay it forward” to future University of Florida students and to the university itself for providing this kind of opportunity.

I chose this particular exit strategy because it assures that the future of the company will have a dedicated management team. This would provide a substantial downside risk against failure. The due diligence process is likely to be limited since the buyers already have full knowledge of the company.

My exit strategy has influenced some other decisions I made in the venture concept in regards to continuing to provide this kind of service to college students without me having to still be located in Gainesville. It influenced the growth intentions of the company, as I intend for it to be a regional company. However, if it’s successful in the UF area, I might establish the venture in other university campuses that have agricultural resources near them.