How does it feel to sell your business to a multinational chain?
Edin Basic did just that. Building his chain of restaurants up to 17 sites before selling it to Pizza Express.
But when the deal was done, he didn’t go out celebrating, he was left with the feeling of “was that it?”
For him the journey of building the business had been the real enjoyment of the whole process. He talks candidly about how he felt at every step of the way and afterwards. He shares the complexities of exiting as well as the importance of preparation and governance.
Edin emphasizes the significance of understanding the market dynamics and being ready for unexpected changes that can influence your decision of when is best to make the deal.
Now helping other business owners with their own growth and exit strategies there is a lot to learn from Edin.
"It's all about the journey rather than the destination." – Edin Basic
Timestamps
01:05 - An introduction to Edin
03:06 - Scaling to exit position
07:28 - Getting clear about what you want
13:25 - How did the exit with Pizza Express happen?
18:36 - Knowing the right time to exit
22:25 - How Edin felt after selling
25:55 - Did the deal change before the end?
32:03 - The emotional side of selling a business
37:04 - Working after the exit
Connect with Edin Basic:
LinkedIn - https://www.linkedin.com/in/edinbasic-help-food-and-beverage-founders-grow-and-exit-their-business/
We Amplify - https://we-amplify.co/
Connect With Julie Wilkinson
LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/
Tik Tok – https://www.tiktok.com/@wasolutions
YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A
Facebook - https://www.facebook.com/wilkinsonaccountingsolutions
Website - https://wilkinsonaccountingsolutions.co.uk/
Before you go, don’t forget to leave a comment and review if you got something out of this episode!
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