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After 20 years of being the sole proprietor of Montere Lawn Care, Denis Seville is considering ...

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After 20 years of being the sole proprietor of Montere Lawn Care, Denis Seville is considering ...

After 20 years of being the sole proprietor of Montere Lawn Care, Denis Seville is considering making a change. His business has grown substantially over the years and he now has approximately 100 loyal clients. Denis wants to retire and move to Florida. Unfortunately, Denis has no children to carry on his business and thus he is thinking of selling it to someone else. Which of the following is a main consideration Denis should have about selling his lawn care business?

▸ He will face some difficulty in selling because all the client relationships are personal and belong to him; he will have to explain the new situation to each client.

▸ Lawn care is seasonal and not many people would want to purchase his business.

▸ The new owner may not retain the same business name.

▸ It is difficult to learn lawn care skills for potential buyers.

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Corporate Finance

Edition: 5^th

Author: Booth

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