Just like stepping into Willy Wonka's chocolate factory, selling your business is an exhilarating journey. From crafting an exit plan to understanding your numbers, discover the steps to maximize your payday and secure your legacy. Don’t leave your success to chance. Prepare now for your future.
The gap between exit-ready restoration businesses and eager buyers continues to widen, and a lack of sellable businesses could spin the industry into crisis. But there is good news on the horizon for current owners who focus on six key areas of their companies.
This week, we're revisiting the number-one mistake owners make when selling their restoration business. RBA Founder and CEO, Gokul Padmanabhan walks through the mistake that is costing you as you prepare to sell your business and plan a successful exit strategy.
In this interview, Brett Lawton talks about scaling, growing as a leader and finding the company’s niche as a mid-sized service provider in a competitive, increasingly consolidated market. He also discusses offering general construction and restoration services, and the value of an executive team.
In anticipation of the new edition of his book, “Why, When, & How to Sell Your Restoration Business,” Gokul Padmanabhan revisits the six drivers to preparing your business for sale.
In part seven of the “7 Lessons Learned from $500 Million in Restoration Transactions” series, Gokul Padmanabhan, CEO of Restoration Brokers of America, discusses the importance of leverage in maximizing the sale of your business. “Once the LOI is done, the leverage transfers over to the buyer and comes away from you,” he says.