Episode description
If you've thought about selling your HVAC business, then you don't want to miss this episode of the three-part series of the Trade Talk podcast. Brandon Bolen from Live Oak Bank and Patrick Lange from Business Modification Group breaking down what HVAC owners need to do to prepare their business if they want to sell. They offer advice on how to boost the value of a business to ensure a seamless process.
In part 3, you'll learn:
- What’s the value of service/maintenance contracts and warranties? Do they boost the value of your company?
- Are self-funded warranties a good process to have in place when selling your business? What are the risks?
- Four key areas to focus on if you want to sell:
- Business focused on maintenance/service
- Clean books and records
- Minimize involvement in the field
- Invest in technology - What’s the timeline when someone wants to sell their business?
- Final advice for buyers and sellers.
Contact Guests:
Patrick Lange, Business Modification Group Brandon Bolen, Live Oak Bank