Now is a good time to sell these types of businesses because there are plenty of buyers. Despite the COVID pandemic, essential services like plumbing have experienced great business, whereas other industries more vulnerable to lockdown and reduced patronage have suffered tremendously.
Like any other business, however, your ability to fetch a great asking price is highly contingent upon financials. What does this mean? It means your business must have good cash flow, be debt free as possible, have accurate tax returns, profitability, solid an extensive customer base, and a sophisticated marketing strategy. Also, one of the biggest factors for attracting buyers is having a reliable and stable management team and employees. Without a good staff, nobody will want to buy your plumbing/HVAC business. If a buyer is forced to build those from scratch after buying from you, they would be better off starting their own company.
So, if you have a small trade business like HVAC/Plumbing and you’re looking to sell, the market is good for it.
Hallmark Business Brokers specializes in the buying and selling of small businesses. We know that a lot of trade professionals and small-business owners are overwhelmed by everything that goes into running a business. You might be wondering “Is it time to free up my schedule by bringing a manager to run things day-by-day?” or “Is it time to sell?” or “Is it time to pass things on to the next generation?” Hallmark Business Brokers can help you with any of these concerns. Even if you aren’t interested in selling your business now, you may want to in the future, or you may want to GROW your business. We have you covered there as well.
If you have interest in maintaining your company and want to make it flourish, you may want to investigate The Value Builder System, our statistically-proven methodology for increasing the value of your company. Take our 13-minute questionnaire to determine your Value Builder score and learn how we can help your business become even stronger.
Real business owners, like Dawn Surak, have used our services and have experienced tremendous satisfaction:
The experience I had with Hallmark business brokers was exceptional. I found Mark to be highly professional yet, personable. Accommodating and tenacious, Mark found a great match for even my unique business. I found the level of service to be great…when I felt overwhelmed by the process of selling, Mark took over directing the process with small step, making the processes manageable and conquerable!! I would highly recommend Hallmark business brokers to anyone considering buying or selling a business. -Dawn Surak
If you’re ready to get started with Hallmark Business Brokers, feel free to send us a message on our website or call us at 941-445-4726. We can’t wait to hear from you soon.