According to the experts, the fastest way to get into the HVAC business or to grow your existing business is to buy out your competitors. After all, in one fell swoop you eliminate some competition, take their trucks and equipment, keep their employees, and, most importantly, gain their customer base. Who wouldn’t want to do that? In all honesty, it’s sound advice. Anyone with cash, or access to cash, should be able to stroll into town and start buying up mom and pop shops. In a few months, you could be the largest company in town without ever going through the hassle of starting from the ground up. So, if this is all true, why aren’t businesses being bought up left and right?
Like most things that look great on paper, reality is not quite that simple. Once you’ve made the decision to buy a business, buy into a business, or sell your business, you need to prepare yourself. You are going to invest a lot of time and effort as well as experience some ups and downs along the way. It can be a real roller coaster ride, so, hold on to your seats.