How to Sell Your Construction Company For More Money
Автор: Rapid Result Creators
Загружено: 2023-06-13
Просмотров: 726
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Thinking of selling your contracting business in the future? It ain't easy, but it’s doable with the right knowledge and plan. Use these 4 steps to get your construction company ready to sell for top dollar.
1. Talk with a trusted business broker (not legal or financial advice)
a. Get a valuation (multiplier)
b. Ask where you can improve
2. Minimum Requirements
a. Systems & SOP infrastructure
b. Management Team
c. Consistent & Profitable (clean financials & tracking)
d. Minimal Dependency (owner, source of income)
3. Increase Sellability
a. Systems (Employee, Client, Financial, Marketing, Sales)
b. Strategic growth plan
c. Key long term personnel
d. Competitive differentiation and branding
4. Bonus - What to do after??
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