The key determinant on whether Business Owner Transition is right for you is whether your business has growth potential that a talented person with capital can exploit.
The general criteria is :
$2M to $20M turnover
Must have growth potential and be profitable
Established businesses – no start-ups
Owner must be open to a Business Partner working in their business and a more gradual exit- generally over 2-4 years
Because you still get dividends and higher capital payments as you exit, you will create more wealth over time than an outright sale.