Every year, many companies in Austria are faced with the challenge of a company succession. However, only approximately one third of all companies achieve a handover that satisfies both parties.
With many years of experience, Bank Austria regards itself as a competent partner in the comprehensive process of business succession.
Those who put their heart and soul into their company, should take care of an organised succession early on. Ultimately, the company is your lifetime’s work that you want to place in the best hands.
Therefore, it is sensible to expect a lead time of three to five years in order to prepare the best possible handover. Only prudent planning ensures the continuation of the operation and its success in a long-term manner.
The advantage of a takeover is in particular that a working company can usually continue to operate without a major delay. You can bypass almost all the work to build it up, and you usually gain faster sales. Based on the existing key figures and data, future business development can be better estimated.
Types of company transfer
For all types of company transfer, you are recommended to think about the future in good time. Thus, identify family members, employees in your company or business partners who you see as potential successors as early as possible.