1.4m business owners will retire by 2036. 33pc have no succession plan
by Nina Hendy · Australian Financial ReviewNina Hendy
Jul 7, 2026 – 9.00am
Taking over their father’s Melbourne construction business was a steep learning curve for brothers Mark and Lee Griffiths.
While they had worked with their father Stephen at Griff & Lee Constructions for two decades, and it was always assumed they would take over, attempts to speak to their father about retirement fell on deaf ears, and conversations about the transfer of the business were few and far between.
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