There are pros, and cons, to selling what many consider to be their family legacy, but there are some key questions to consider that could make the decision to sell a family business easier.
As more and more companies are being acquired by private equity, the market is drastically changing, meaning the smaller contractors need to learn to adapt to survive.
When a business owner starts a conversation with a professional buyer, it’s important to note they will always be at a disadvantage. That’s why it’s important to have a professional in their corner, too.
To preserve the time and hard work spent on developing a company culture, really take the time to ensure whoever the business is sold to is committed to preserving it.