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BayState Business Brokers Blog

How to Sell Your Plumbing/HVAC Business for the Best Price

Posted by Marc Gudema on Mon, Oct 19, 2020 @ 03:21 PM

If you are thinking of selling your plumbing and/or HVAC business, I have good news for you. The market is good for plumbing and HVAC businesses. The Covid-19 pandemic has not hurt the selling prices of businesses that continue to do well in spite of it. There are many buyers for plumbing businesses. In addition to other plumbing companies and plumbers, individuals without a plumbing background are buyers. Every plumbing company does not sell for the same price. According to DealStats, most plumbing and HVAC businesses, with between one and five million in sales, sell for between 31% and 60% of sales. That is a big range. There are a number of things that you can do to make your plumbing and HVAC business sell for a better price.

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Tags: how to sell a business for the best price, how to sell a hvac business, how to sell a plumbing business

Create Notes Now of How Covid-19 has Affected Your Business.

Posted by Marc Gudema on Tue, Jul 07, 2020 @ 12:41 PM

Many businesses are being affected by the Covid-19 shutdowns and their effect on business results. Because of this, it is likely that business buyers and lenders will consider this in valuing your business and approving a loan for a business buyer when you sell your business. But how it is considered will depend on your particular situation. Businesses in the same industry are being affected differently. It is likely that business buyers and lenders will want to dig deeper into what your business did during this time and how it was affected. Now is the time to create notes, or a journal, of what is occurring. Here are some suggestions on what to include in the notes.

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Tags: sell a business, exit planning, covid-19

Will Anyone Buy My Business Now? Selling Your Business During the Covid-19 Pandemic

Posted by Sarah Grossman on Thu, May 28, 2020 @ 03:35 PM

For the last two months, most business owners have been feeling the pain of either reduced sales or their business being closed entirely.  At the same time, they’ve had to pay their bills and figure out what to do with their staff.  Prior to Covid-19, many business owners, perhaps including you, were thinking of selling their business. Covid-19 presents new business challenges related to reopening with social distancing measures in place, which may increase expenses and reduce income.  These business challenges, which will last a few years, may be having you think even more of selling.  So, you may be wondering, how can I sell my business now, and who would want to buy it?

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Tags: sell a business

Is This a Good Time to Buy or Sell an Auto Repair or Auto Body Business?

Posted by Marc Gudema on Wed, May 13, 2020 @ 03:59 PM

If you have been thinking of buying or selling an automotive business, you are probably concerned about how these businesses are going to do after the shutdowns end.   In the Northeast, the amount of driving is lower -- with a big impact on the revenues of auto repair and auto body businesses.  What does the future hold?

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Tags: sell a business, how to sell an auto repair shop, sell an auto body business

Now is Not the Time to Deal with Only One Buyer for Your Business

Posted by Marc Gudema on Tue, Apr 14, 2020 @ 10:55 AM

Dealing with only one buyer for your business is not a good idea in good times.  It’s an even riskier idea now.   It’s not unusual that a business owner, who is interested in selling their business, to be contacted by a potential buyer.  There are many reasons why dealing directly with only one buyer is a bad idea.

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Tags: sell a business, how to sell a business, how to sell a business for the best price

BayState Business Brokers VALUES Your Business! Offering Free Valuations During the Month of April

Posted by BayState Business Brokers on Tue, Mar 31, 2020 @ 02:03 PM

This is a difficult time and we understand that your focus has likely shifted away from creating value in your business, to staying afloat, paying staff and overhead expenses, and planning to reopen if your business is closed. However, now is a good time to plan for the future when you have the time to do so. 

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With the Coronavirus (Covid-19) Outbreak, Should you Buy a Business Now?

Posted by Marc Gudema on Mon, Mar 23, 2020 @ 10:29 AM

If you have been thinking about buying a business, you are probably questioning whether now is the right time to do so.  As we all know, the coronavirus/covid-19 outbreak is affecting the economy. It’s understandable that people are concerned about what the future holds. As a country, we’ve been through many traumatic events. We survived 9/11 and the great recession. The United States is the strongest country in the world with tremendous resources in its people and economy. We will get through this and be as strong as ever.

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Tags: buy a business, when to buy a business, coronavirus, covid-19

Selling Your Business in the Face of the Coronavirus and Economic Uncertainty

Posted by Molly Hanson, CFP® on Wed, Mar 18, 2020 @ 02:33 PM

Many business owners are asking us if they should defer the decision to sell their business because of COVID-19. It is a fair question. After all, the impacts that the coronavirus may have on some small businesses are significant. 

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Tags: sell a business, coronavirus, covid-19

How to Avoid Roadblocks When Selling a Franchise Business

Posted by Marc Gudema on Thu, Jul 11, 2019 @ 12:48 PM

An established franchise business can be a great business to buy.  As opposed to starting a new business, they offer a number of benefits to the owner.  Some of these are immediate favorable name recognition for the brand,  a system for operating a business, and training and support.  When selling the business, there are some potential roadblocks that the buyer and seller should be aware of in order to avoid them and have a smoother sale.

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Tags: sell a franchise business, resell a franchise, buy a franchise business, franchises

How to Sell Your Property Management Business for the Best Price

Posted by Marc Gudema on Thu, Feb 21, 2019 @ 09:14 AM

There are many potential buyers for a property management business.  It’s an industry where many businesses grow by acquiring other companies in the industry.  The recurring revenues also make the business attractive to individuals looking for a business to buy.  But, property management companies don’t all sell for the same price.  Here are some tips on what you can do to increase the selling price of your business.

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Tags: how to sell a business for the best price, how to sell a property management business

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