Q: I received an inquiry to buy my restoration business, should I entertain it?
JT says: With continued industry activity, fair question. Responding (out of curiosity) gets you one buyer, with one opinion. When contemplating a sale, multiple buyers is always infinitely better. Why? Depending on the buyer (and type), there’s an array of potential values, deal structures, transaction variables and management philosophies. ‘Best’ buyers will ensure maximization of value, allow an exit on your terms/timeline, align with your culture, and best care for your team and future of the business. These ‘best’ buyers have many tangible and obvious benefits.
Numerous ‘best’ buyers are easily identified through an industry advisor with valuable experience, knowledge and insights. Without question, having options always leads to your best retirement.
Get Answers + Get Prepared = Get Retired
Have a question for JT? Don’t worry, all questions will remain anonymous! You can email JT at jt@exitstrategies360.com.
