My Exit Strategy

1) After 5 years with my business I intend to remain in the business and keep my portion of the parking garage. I would stay in this business until the parking garage were to be taken down. I would definitely pass it down to my children as well. Even after the parking garage were to be taken down, the value of land would still be there and would most likely have increased even more as Gainesville is currently in a growth period for its real estate. 

2) I have selected to remain as a partner in my parking garage because at the end of the day any form of real estate is a long term investment. Something like a parking garage will never really go out of style like some apartment building may experience with new competitors joining the market. Even if the parking garage were to be knocked down there is still value in the land itself. Additionally, a parking garage has little upkeep but is continuous income, so remaining in this market would be beneficial with extremely little work in return. 

3) I think my exit strategy has had some pull in my other aspects of the business plan. My mom is a realtor and taught me the importance of land and its long term investment value, so when thinking of my possible product land was first in mind. It also drew more importance because something like this can be reused time and time again as long as the land is still owned.