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    How to Get Rich Selling & Buying HVAC, Plumbing and Electrical Companies
    How to Get Rich Selling & Buying HVAC, Plumbing and Electrical Companies
    How to Get Rich Selling & Buying HVAC, Plumbing and Electrical Companies
    Ebook81 pages1 hour

    How to Get Rich Selling & Buying HVAC, Plumbing and Electrical Companies

    By Christopher Smith

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    About this ebook

    An incredible opportunity is becoming available due to the retirement of baby boomers who currently own HVAC, plumbing, and electrical companies. As many of these owners retire the opportunity to build incredible wealth is opening up for those individuals in the know. This book puts you in the know and shows you how to take advantage of this opportunity to build wealth that will have a generational impact on your family. Get Rich Selling & Buying HVAC, Plumbing, & Electrical Companies is your complete guide to stepping out of the world of home service-based contracting and into the world of future venture capitalists.
    This book includes the following chapters:
    Running Your HVAC, Plumbing, & Electrical Company to Maximize Value
    Choosing When to Sell Your HVAC, Plumbing, & Electrical Company
    Preparing Your HVAC, Plumbing, & Electrical Company to Sell
    Determining the Value of Your HVAC, Plumbing, & Electrical Company
    The HVAC, Plumbing, & Electrical Company Sellers Journey
    Knowing When to Buy HVAC, Plumbing, & Electrical Companies
    With this complete guide, you can learn how to engage the services of an experienced M&A advisor who will help you build wealth and change your family's financial situation for generations to come. The book walks you step-by-step in how to perform due diligence on an HVAC, Plumbing, & Electrical Company to make sure you make a great buy.
    Don't miss out on everything this book teaches you about getting Rich Selling & Buying HVAC, Plumbing, & Electrical Companies.
    LanguageEnglish
    PublisherBookBaby
    Release dateMar 1, 2022
    ISBN9781667833149
    How to Get Rich Selling & Buying HVAC, Plumbing and Electrical Companies
    Author

    Christopher Smith

    Christopher Smith has been the film critic for a major Northeast daily for 14 years. Smith also reviewed eight years for regional NBC outlets and also two years nationally on E! Entertainment Daily. He is a member of the Broadcast Film Critics Association.He has written three best-selling books: "Fifth Avenue," "Bullied" and "Revenge."

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      Book preview

      How to Get Rich Selling & Buying HVAC, Plumbing and Electrical Companies - Christopher Smith

      cover.jpgcover.jpg

      How to Get Rich Selling and Buying HVAC, Plumbing, & Electrical Businesses

      Copyright 2022 by Christopher D Smith

      All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means without written permission from the author.

      Published by All Contractor Marketing

      4018 Ebenezer Road

      Marietta, GA 30066

      ISBN 978-1-66783-313-2 eBook 978-1-66783-314-9

      Acknowledgment: I would like to thank my wife, Michele. Everything I have is because she keeps me in the lane. If you can picture the bumper guides in a bowling alley, that is what she has done for me. I am a strong visionary with a strong entrepreneurial spirit. This means I start 47 new businesses each day before lunch. She has lovingly kept me in the lane, patiently put up with all my ideas, quietly saved money, and built a financial foundation for my family. I would spend it all before sundown if it was left in my hands.

      I would also like to thank my savior Jesus Christ. I was lost but now I am found. If you do not know Jesus Christ, I suggest you check him out. He is my everything. I am nothing without him and anything good in me reflects he who is in me. I’m not sure why you see me as any value Jesus, but I am so glad you do. I will follow you anywhere.

      Contents

      Introduction

      Running Your Business to Sell

      Leadership

      Marketing

      Choosing When to Sell Your Business

      Preparing Your Business to Sale

      Determine Your Business Value

      The Sellers Journey

      Knowing When to Buy

      Conclusion

      Introduction

      One of the biggest financial opportunities is playing out right before our eyes. The baby boomer generation of business owners is about to retire and sell or close businesses. One estimate is that as many as 75% of privately owned businesses will be for sale or closed in the next 10 years. If you are one of these boomer business owners, you need to take steps to maximize the value of your business and get it sold. The chapters of this guide will tell you how to do this. If you are on the younger end of the boomer business owners, then you can make significant wealth that will have generational impacts on your family. To earn this wealth, you need to learn how to take advantage of a unique opportunity. The words of this guide will tell how to do just that. The guide is short and to the point. I tell you how to do it. But the list is not exhaustive. It would take a volume of encyclopedias to do that. Every business is different, every deal is different, and to navigate the waters you need a guide. You need an experienced M&A advisor that has bought and sold HVAC, plumbing, and electrical businesses before. If you do not know a guide, I would love to be yours. Just reach out.

      You may be asking why HVAC, plumbing, and electrical businesses? It comes down to supply, demand, financing, and opportunity. There are many of these businesses out there. Some estimates are as high as 350,000+ across the US. Many current owners will tell you there is way too much competition. What is about to occur over the next 10 years is going to decrease this number. You see most of these businesses will not survive. Many of them will simply close because the owner will not take steps to make the business valuable to a buyer. They simply run the business day to day with small profits, no real plan, the business is wholly dependent on the owner, and it will not sell. But a small percentage will figure it out or have figured out some or all the things this guide is about to tell you. So, the supply of these services is about to diminish. Now let us look at the demand. It does not matter what the economy is like, people will not live without air conditioning, a toilet that will flush, or lights. These services will always be in demand. And with fewer companies to meet that demand, the price is about to go up. The next reason is available capital through financing. The Small Business Administration (SBA) is very experienced with and comfortable with lending money to qualified buyers for an 80/20 purchase of an HVAC, plumbing, and electrical business. This is where the SBA loans 80% of the price and the current business owner finances the remaining 20%. With all these businesses closing or selling the opportunity is going to be large. For the next 10 years if you know how to buy a good business for a good price you are going to be able to mass a tremendous amount of wealth.

      This guide will walk you through that process. It is primarily written for current HVAC, plumbing, and electrical business owners. I strongly believe that you need to understand the intricacies of the contracting business before you start buying up a business to run. Knowing how to profitably run one of these businesses is critical and most of the current business owners are not real great at doing it profitably. Now if you are not in the business and you want to partner with someone who knows the business, you would probably be ok. But I would not recommend just buying up contractor-based businesses if you do not understand the game. For current business owners that want to sell for the most money or get rich buying other companies, let’s dive right in.

      You hear from time to time of HVAC, plumbing, and electrical businesses selling for significant money. Usually, the rumors floating around the supply house, at trade meetings, and among friendly competitors. Sometimes the rumor is about a crazy high sell price and

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