How Do I Sell My HVAC & Plumbing Business?
If I’m looking to sell my Heating, Ventilation and Air Conditioning business or sell my plumbing business, I know I’m in a great position. HVAC businesses are one of the top businesses investors are looking to go after. They understand that people will always need HVAC and plumbing services.
But how do I know how to price my HVAC business and how to sell my HVAC business fast? You can get great value from selling an HVAC business and you don’t want to make a mistake by selling your business's value short. Here are some good ways to avoid the pitfalls and get great value for your HVAC business.
Step One – Get the Proper Valuation
Your HVAC or plumbing business could be worth a lot, and your assets and liabilities do not tell the whole story. There’s your cash flow, the number of employees, how skilled they are and how much work they bring in, the types of residences or businesses that are likely to use your services and more. Without an experienced Business Broker who can fully assess the worth of your business and give you a solid estimate, you may be leaving money on the negotiating table when it comes time to price your business.
Step Two – Grow Your Business
Investors want to buy businesses when they are on an upward trajectory. They’re not interested in saving you because you are uncertain about the future and want to bail out. If you’re thinking of selling your business, you should be looking for ways to expand and bring in more income, not downsizing.
Step Three – Get Employees Licensed
Your local service area will often require that HVAC businesses operating there must be licensed, and you may have certifications that add value to your business as well. If you’re the only one who has licensure or certification, though, that value does not transfer to the business.
The idea of having to go out and get employees licensed and certified, or having to hire licensed and certified people, may not be appealing to a prospective buyer. It is better if they are buying a business where the licensing and certification won’t leave with you.
Step Four – Hire an Experienced HVAC and Plumbing Business Broker
Do you need a business broker? No. Will you get the best value for your business without one? It’s unlikely. A business broker with specific experience in the different types of services HVAC companies provide and the value of those services, and one who has access to motivated HVAC company buyers, has the best chance of getting you the price you want for your business, and fast.
How Do I Sell My HVAC Business Online With an HVAC Business Broker?
If you’re ready to sell your HVAC company and need a business broker with HVAC experience in your corner, Synergy Business Brokers can help. For over 15 years, we have been helping businesses all throughout New York, the Northeast, the East Coast and beyond find buyers. If your business has annual revenues between $600,000 and $30 million and you’d like to find out more, all you have to do is contact us.
You can email Synergy Business brokers at firstname.lastname@example.org, call us at 914-738-9350 or fill out our easy contact form right now and we’ll be in touch ASAP to set up your private brokerage consultation.