Selling a Trades Business: How Owners Can Prepare for a Successful Exit

For owners of established trade businesses, deciding to sell is rarely a straightforward transaction. Whether the company specialises in electrical work, plumbing, HVAC or landscaping, much of its value has been built gradually through customer relationships, reputation, equipment, staff and recurring work. Preparing those elements before approaching the market can have a significant influence on buyer interest and the eventual terms of a sale. The process also becomes more involved when a business operates in a different regional market from the one an owner may be familiar with. A business owner accustomed to the property and commercial environment in England,...

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