What do you do if you want to exit your food manufacturing business successfully?

Be driven by EBITDA profitability, a juggling act of proactive optimisation of product and channel mix, more efficient trade spend, improved supply chain efficiency, disciplined OPEX and inventory provision reversal.

1. Get yourself a team of professionals and mentors who you know like and trust - to help you on your journey to exit 2. Have a look at others in your industry who have exited …. Approach those that have done it before ….. find out what they did or didn’t do …. 3. Maybe begin with the end in mind …. Have a vision, goal and strategy that you want to achieve - and then recalibrate every few years

To exit your food manufacturing business successfully, first define your personal and financial goals and decide on the type of exit (sale, merger, etc.). Prepare your business by ensuring financial health, operational efficiency, compliance, and securing assets. Enhance business value by strengthening market position, diversifying revenue, and improving branding. Seek professional advice for business valuation and legal issues, and consider hiring a business broker. Identify potential buyers, negotiate terms, and be prepared for due diligence. Plan the transition carefully, communicate with stakeholders, finalize the sale, and manage tax implications.

Remember the three key success terms in food manufacture - quality, quality and quality. Source quality ingredients needed to develop and produce your products. Continually audit suppliers to ensure that the products they are using meet consumer expectations?

Do your research on what others in your industry are doing …. Worthwhile doing it professionally - speak to Brian Fine . Get a valuer/ business broker/ coach who specialises in your industry to value your business and give you ideas on how to maximise your value

Make sure your documentation is in place , your processes and procedures documented , you have a detailed business plan, regular board meetings , management meetings documented , incident reports documented , risk mitigation strategies , identify the opportunity and project what could be! People are buying the future !

Mitigate the environmental output of any plants that you operate from. Use and publicise any environmentally friendly corporate policies like recyclable packaging and waste management??

Understanding your company’s inventory turnover and order management (including how the movement of each of your company’s products is re?ected in its ?nancials), as well as plant maintenance, are crucial to both understanding how e?ciently your company operates and boosting its pro?tability. Dependability is often measured by On Time In Full (“OTIF”) rates. OTIF measures the percentage of orders that are shipped on time in full. By this measure, you can assess how successful tyou are at meeting client expectations.