Alicia has decided to retire and sell her business.She wants to walk away from the business and enjoy her retirement without having to think about the business.She has no children or employees who want to buy it.Her best choice of an exit strategy is:

Question

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Since Alicia has no successors interested in buying her business, a straight sale would be the most appropriate exit strategy. This allows her to sell the business for cash and transfer ownership to the buyer, freeing her from any further obligations or responsibilities related to the business. This would ensure a clean and simple exit for Alicia. A sale for cash plus a note might be an option but it could involve some risk if the buyer defaults on payments. A leveraged buyout requires the buyer to use the assets of the business itself to finance the purchase, which might not be feasible in this case. An ESOP involves the sale of the business to an Employee Stock Ownership Plan, which is not applicable here since Alicia has no employees interested in buying the business.

Alicia Has Decided to Retire and Sell Her Business