For many electrical contracting business owners, deciding to sell a business is one of the most impactful financial and personal decisions they’ll ever make. These businesses often represent years of hard work, dedication, and countless hours spent on jobs and…
Business owners are constantly seeking ways to cut costs and boost profits to make their businesses as attractive as possible to buyers. Fortunately, there are many surprisingly simple strategies to save money across various aspects of your business. 1. Embrace…
If you, as the seller, want to receive the best price for your business, it’s essential to understand that your adjusted or normalized EBITDA will serve as the foundation for the purchase price. This EBITDA will be used as…
When selling a construction company—whether it’s an HVAC, plumbing, roofing, or electrical contracting company—being prepared for the due diligence process is key to ensuring a successful and smooth transaction. Due diligence is when the buyer examines the business from top…
Preparing for the Sale of Your Construction Company: Key Financial Documents and Confidentiality Strategies When an HVAC company, plumbing company, roofing company, or electrical contracting company owner plans to sell their business, there are many factors to consider. The process…
Traditional Due Diligence vs. Quality of Earnings (QoE) Report: A Comparison When buying or selling a business, both traditional due diligence and a Quality of Earnings (QoE) report are critical tools that help assess the business’s health. However, they serve…
Selling a business is rarely as straightforward or fast as business owners would like. Unless you’ve sold a business before, unforeseen obstacles are almost certain to arise. Even if you have prior experience selling a business, you will likely face…
Selling a business is rarely as straightforward or fast as business owners would like. Unless you’ve sold a business before, there will be unforeseen obstacles. Even if you’ve sold a business before, you will likely run into hurdles along the…
Selling your business is a significant decision. You’ve invested considerable time, money, and effort into building and running it—perhaps it even represents your life’s work. Now that you’ve decided it’s time to sell, getting the best professional advice is crucial.…
Every business has a story to tell. In fact, selling a business involves the art of storytelling as you must pique interest and enthusiasm in the mind of the buyer. Through storytelling, you can convey not only the history of…
The lessons learned through hands-on experience are often irreplaceable. When it comes to selling or transferring ownership of a business, inexperience can be particularly troublesome. Many business brokers and M&A advisors have observed firsthand the jeopardy business owners can face…
Determining an accurate valuation for a company is far from straightforward. It involves a range of complex, and often rapidly changing, factors. The challenge is compounded by the fact that some aspects of valuation are inherently subjective. This means that…