This qualitative single case study examined the factors that contributed to the successful transition of Mondial Printing Services (MPS)—a family business in Nigeria—to the second-generation. Secondly, this study investigated to what extent, if any, did formal succession planning impact the transfer of Mondial Printing Services from founder to second generation in Nigeria. And lastly this study investigated to what extent, if any, does succession experience of a second-generation family business leaders at MPS influence their approach to continuity and succession planning. This study analyzed qualitative data in the form of interviews from a sample population of five employees at MPS. Three of the interviewees were family members while two were non-family members. This study incorporated a single case phenomenological approach, collecting data through the use of interviews, with these data then transcribed and analyzed through the process of coding. Findings from this study highlighted factors including the importance of succession planning, well defined governance and ownership structures, conflict resolution, and the grooming and selection of a qualified successor as factors that contribute to successful transfer of the family business to the second generation. However, there was no evidence to suggest that a formal succession plan impacted the transfer of business to the second generation. Finally, 2nd-generation leaders at MPS believe the family business will not successfully transition to the 3^rd generation without a formal succession plan.