Insights on Buying or Selling HVAC Business

Knowing Your Company’s Value is Crucial to Your Retirement Plan

Most people start planning for retirement years before they are ready to retire. If you’re starting the process with your financial advisor, your business plays a very big role in your plan.  Financial advisors tell us they need a few critical pieces of information from clients to start a plan. One is how far off retirement is – do you have a specific year in mind? The next is how much you think you want to earn in retirement. For [...]

By |2024-02-22T17:47:20-05:00February 22nd, 2024|HVAC Business|Comments Off on Knowing Your Company’s Value is Crucial to Your Retirement Plan

How to Deal with Existing Debt During an HVAC Company Sale

Running a successful business is hard work. You've put your heart and soul into it for many years. But now it's time for a new chapter. Plus, your debt will finally disappear when the business is sold, right? Only sometimes! Many entrepreneurs believe this to be true, that their debt will disappear into the abyss, never having to face it again. In some cases, the existing debt is absorbed or assumed by the buyer, but not in typical cases. Knowledge [...]

By |2024-01-12T04:58:18-05:00February 22nd, 2024|HVAC Business, Selling HVAC Businesses|Comments Off on How to Deal with Existing Debt During an HVAC Company Sale

7 Critical Attributes That Private Equity Firms Seek in HVAC Companies

Selling a business can seem complicated. A lot goes into the process, and you may have many questions, including “How do I sell my HVAC business?” and “How much is my HVAC business worth?” If you’re currently in the question-asking stage of the process, you’ve likely also Googled “how to find a buyer for an HVAC business.” These are all great questions to ask. One potential route is partnering with a private equity (PE) firm. PE firms contribute heavily to [...]

By |2024-01-12T04:41:21-05:00February 6th, 2024|HVAC Business, Selling HVAC Businesses|Comments Off on 7 Critical Attributes That Private Equity Firms Seek in HVAC Companies

How Family Members Affect the Value of Your Business

Most business owners start their companies to take care of their family. And a good number of them employ family members in the business. I’ve seen all kinds of models, and any arrangement can work. But when it’s time to consider selling, there are issues a seller must consider before a buyer will be willing to make an offer. Spouses are often valuable as employees, and it’s not uncommon to see them responsible for running the entire office. When I [...]

By |2024-02-05T15:37:52-05:00February 5th, 2024|HVAC Business|Comments Off on How Family Members Affect the Value of Your Business

Is Your Diversified Business More Valuable to Buyers?

Many small HVAC companies work with both residential and commercial accounts. In a small market, it’s natural to get calls from both kinds of customers. Often, they’re simply putting large residential equipment in commercial settings, so it’s not a stretch for the owner or the crew. When it comes time to sell, owners may think their business is worth more because it’s diversified. The short answer I give them is - it’s not.  I have plenty of buyers looking for [...]

By |2024-02-05T15:32:41-05:00February 5th, 2024|HVAC Business|Comments Off on Is Your Diversified Business More Valuable to Buyers?

How Owning Real Estate Can Impact the Sale of Your HVAC Business

A good number of established and successful business owners own the buildings they operate out of. When they’re ready to sell, they also have to make decisions about selling the real estate along with the company. Here’s the advice I give them. First and foremost, stay flexible. If you’re absolutely set on selling the business and real estate together in a single transaction, I’ll usually pass on the deal. Being open to only one deal structure will limit your buyer [...]

By |2024-01-30T09:12:19-05:00January 30th, 2024|HVAC Business|Comments Off on How Owning Real Estate Can Impact the Sale of Your HVAC Business

How Can Owners Secure the Best Price for Their HVAC Business?

When preparing to sell your HVAC business, the price point is a big consideration. What can HVAC business owners do to maximize the price their business sells for? Some business-minded individuals shared their suggestions below. Keep reading to find out what they recommend doing to get the most out of selling your business. Linda Chavez Founder & CEO of Seniors Life Insurance Finder. Hire a Specialized Broker Selling an HVAC business can be a complicated and time-consuming process, especially if [...]

By |2024-01-31T07:55:28-05:00January 25th, 2024|HVAC Business, Outreach|Comments Off on How Can Owners Secure the Best Price for Their HVAC Business?

5 Common Myths About Selling An HVAC Business

If you're ready to sell your HVAC business, it's time to take the plunge. What are you waiting for? Perhaps your fears are holding you back, or you've gone down a rabbit hole of misinformation about selling your business. You need some guidance on how to separate the facts from the bologna. Below, you’ll find five common myths about selling an HVAC company debunked: Myth #1: You Can Sell It All By Yourself Of course, if you're an HVAC broker [...]

By |2023-12-20T01:38:34-05:00January 25th, 2024|Selling HVAC Businesses|Comments Off on 5 Common Myths About Selling An HVAC Business

New Year, New Adventure: Why You Should Sell Your HVAC Business In January

A new year brings a fresh start. For many, it's a time to reflect, regroup, and create resolutions to improve in the new year. Resolutions often focus on health, happiness, and career. If one of yours is to get the ball rolling on selling your HVAC business, January is the perfect time to begin. Like everyone else, you're motivated to make goals and significant changes in the new year. For those who want to buy a business, the drop of [...]

By |2023-12-20T01:38:36-05:00January 9th, 2024|Selling HVAC Businesses|Comments Off on New Year, New Adventure: Why You Should Sell Your HVAC Business In January

What Post-Sale Accommodations Should the Buyer and Seller of an HVAC Business Consider?

Both the buyer and the seller in an HVAC business transaction should keep a long-term perspective of the transition. What are some accommodations that will help the transfer of ownership go smoothly? Some business-minded professionals shared some considerations buyers and sellers should think about. Keep reading to find out what they are. Jens Kleinholz CEO of Sir-Apfelot. Financial Evaluation and Records In the realm of technology and finance, especially within the HVAC business sector, both buyers and sellers must carefully [...]

By |2024-01-15T08:38:11-05:00December 26th, 2023|HVAC Business, Outreach|Comments Off on What Post-Sale Accommodations Should the Buyer and Seller of an HVAC Business Consider?
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