Over the past several years, there has been an uptick in the market for contracting companies. This has been spurred in part by private equity, which has discovered home services and is finding it attractive. While every exit is reason for celebration, too many contractors sell for less than they could get. Here is how you can maximize the price of your business.
Excluding the sale of business to family or employees, there are three ways to sell a business. The first occurs when someone calls you out of the blue and offers to buy your business. Second, you can market it to potential buyers yourself. And finally, you can enlist the aid of professionals to market and sell your business for you.