Stockport based Hallidays have advised on the sale of a family business securing the future for both father and son.
Paul and Adam Hummel, who had run a successful nursery and camping business, needed to secure a sale to finance retirement for Paul while also providing funds for Paul’s son Adam to invest in a new venture.
Hallidays provided guidance throughout the sale process.
They negotiated an increased sale price and advised on tax ramifications, taking advantage of Entrepreneurs Relief on the majority of the proceeds and enabling the partners to top up their pension provision, resulting in a debt free retirement and investment for a new venture.
Paul Hummel said: “Without the help of John Wilson of Hallidays the sale process would have been overwhelming.
“John had the expertise and persistence to sort out the difficult issues as they occurred and helped us maintain a sense of humour!
“I can now look forward to my retirement and my son can start fulfilling his vision for his new camping venture.”