According to research, the market size of the appliance repair industry in the United States has declined 2.9% per year on average between 2017-2022. Although some experts think that appliance repair service businesses will begin to gain ground in the future, the downward trajectory might have you thinking about selling.
If you are interested in selling your business, there are many variables that you need to consider before doing so.
If you are pondering the thought of "How to sell my appliance service business," look at what other appliance repair service businesses and businesses in general are doing. With the recent decline in the appliance repair service business industry, you might be thinking about how to sell your appliance repair service business to get out of the rat race. Study the industry and talk to your peers to see what might happen in the future. When you educate yourself, you have a better understanding of the economic ramifications of your decisions.
When the time is right for a sale, you then need to decide which type of sale would be most beneficial to you and your business.
If you want to jump in with both feet, sell 100% of the business, and then stay on for a few months to work with the new owner and troubleshoot.
Even an “immediate” sale like this takes 6-9 months from start to finish. If you want to sell appliance repair service business, you will need to dedicate time and energy to the process.
For business owners asking “how to sell my appliance repair service business a little more slowly,” a piecemeal sale is more your speed. In this scenario you would sell the majority of the business, retaining 20-30% for yourself.
Since you still own part of the business, you will work diligently with the new owner to build up cash flow and build the business. Generally, 2-5 years down the road you will sell out completely, and take a “second bit out of the apple” at that time gaining the rest of the proceeds.
When you consider the state of the economy and the decline in appliance repair service businesses, it might have you deciding "I want to sell my appliance service business."
But you don't have to make your way through the entire process by yourself. Let the experienced team at Brentwood Growth inspire you with their seller side loyalty and help you get over the hurdles that are part of any sale
Contact us today to get your sale moving in the right direction.
With our vast experience and knowledge, we can help you sell your pool service business for a maximum of profits and a minimum of headaches.