Design Firm Succession Planning - Design Management Company

Design Management Company helps interior design firm owners plan their succession, whether that means grooming internal leadership, structuring a sale, or transitioning ownership on your terms.

You’ve “made it” in your design career and are ready to start developing your exit strategy. Now what?

In preparation for your next stage of life, so many questions come into play. Have you been investing the earnings from your interior design business into other income-producing assets? Are you in the position to simply close your doors and call it a day? Or… do you intend to sell? If so, to whom? And how do you even determine what your business is worth?

A noted expert in design business succession planning, consider Lloyd Princeton your pilot, ready to help you create your legacy, and soar to the highest heights as you finish this chapter and start the next.

So, fasten your seatbelt and prepare for lift-off. It’s going to be a smooth and beautiful flight.

Contact us to find out more about design business succession planning. →

FAQ’s

When should I start planning my exit?

It’s never too early. About three years before you plan to retire is a good timeline, because many steps take time, including getting your financial paperwork in order, hiring key people, and identifying partners.

What does succession planning involve?

It covers valuing your firm, finding a successor, deciding between an internal and external sale, and managing the transition period.

Who is involved?

Lloyd coordinates with outside professionals, including a business broker, a valuation specialist, a CPA, and attorneys, as well as you.

How is a design firm valued?

Lloyd works with a business broker and valuation specialist to value your firm, alongside your CPA and attorneys.