Many restoration business owners find themselves asking the golden question, “Why sell my business now?” Many think, “My business is thriving and growing by the quarter.” Believe it or not that last statement is the very reason you should want to sell your restoration business now rather than later.
Buyers look for businesses that are thriving. They want the turn around on their investment to be short term. Very few buyers are looking for a business that is struggling, which is when most owners are dying to get out.
Another great reason to sell now, is that with a thriving restoration business, you can get more for your business now than when sales are leveling off or worse, declining. You can take this opportunity to either retire or start a new adventure. The choice is yours.
These are two of the main reasons restoration business owners would want to sell in today’s economic climate. As we all know our economy revolves around a cycle and the current cycle is prime for businesses that are looking to sell.
To find out how much your business is worth, use our business evaluation tool to find out if now is the time for you to sell your restoration business.