Buying or selling an HVAC, or heating and air, small business – what should you consider?

Patrick Lange, an HVAC (Heating, Ventilation, and Air Conditioning) business broker, shares his insights and experiences in the industry and his journey as an entrepreneur.

Patrick Lange with Business Modification Group specializes in the sale and acquisition of heating and air companies. Patrick has been an entrepreneur his entire life buying, growing, and selling businesses in multiple industries, including owning a residential heating and air company.

Show Notes page: https://www.thehowofbusiness.com/413...

Topics and questions discussed on this HVAC podcast episode include:
▪ Why should someone consider buying an HVAC business?
▪ In addition to the typical things I should consider and evaluate with any business (i.e. financials, reputation, assets, transition) – what are some of the unique considerations with HVAC businesses?
▪ Do I need HVAC experience? Who is a good fit for owning an HVAC business?
▪ What should I consider when determining the value of the small business, and if the asking price makes sense?
▪ What are your thoughts on HVAC business franchises as an option to consider?
▪ What are some common characteristics of HVAC small businesses that sell best?
▪ What do I need to do first to get my HVAC business ready for sale?
▪ What are some common mistakes you observe when owners try to sell their business?
▪ HVAC Sales: How do I determine the potential sales price of my HVAC business?
▪ What is your role as the broker of air conditioning and heating system businesses?
▪ What should I do next if I am interest in selling or buying a heating and air company?

Henry Lopez is the host of The How of Business podcast – helping you start, run and grow your small business. The How of Business is a toprated podcast for small business owners and entrepreneurs.