Exit Planning Tips
Selling a Heating and Air Conditioning Service and Repair Business
Your heating and air conditioning service and repair business has been good to you. The next step is to position your business for the demands of the business-for-sale marketplace.
Selling a heating and air conditioning service and repair business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
Most heating and air conditioning service and repair businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
Timing Your heating and air conditioning service and repair business Sale
If you're feeling like your tenure as the owner of the heating and air conditioning service and repair business is coming to an end, the time to sell is now. There are a lot of naysayers out there advising heating and air conditioning service and repair business sellers (or would-be sellers) to take a wait and see approach. We aren't nearly as pessimistic about the heating and air conditioning service and repair business marketplace. The inventory of what we consider to be quality heating and air conditioning service and repair businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Family Business Sale Tips
The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based heating and air conditioning service and repair business sale can be more complicated than selling to a stranger. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.
Broker vs. No Broker
The decision of whether or not to hire a business broker should never be taken lightly. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your heating and air conditioning service and repair business much less painful. If you're on the fence, do your research before you make a final decision. BizBuySell.com and other websites offer detailed information about brokers and the process of performing a brokered heating and air conditioning service and repair business sale.
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