In this episode, Emily Chung shares her firsthand experience selling her auto repair shop, AutoNiche in Markham, Ont. She discusses the importance of thinking early about succession planning, preparing clear financial statements and documenting business processes to ensure a smooth transition. Chung emphasizes honest communication with staff, the emotional ups and downs of the sale process and vetting potential buyers. She explains how preparing for a sale well in advance, digitizing her operations and focusing on both tangible and intangible assets to maximize business value and continuity played key roles through the process.

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