When the owner of a collision repair business is interested in selling their company, questions related to employees often come up. When do I tell my employees about the sale? How do I deal with rumors? How do I alleviate their fears about what the sale means regarding their job security, seniority or other changes?
How important is your culture?
Early signs of adjustments in these relationships are reminiscent of earlier changes.
If you are looking to sell your business a management team with financial skills is particularly beneficial in maintaining the overall strength of a company’s current and future success.
When it is time to considering the sale of your company don't be apprehensive about its proper valuation. Your business can realize a fair value.
Over the course of my career, I’ve been involved in a lot of different roles, from technician to general manager, to owner and operator of multiple shops, then as a seller when our company was acquired by a large consolidator in 2015, and as a representative and consultant assisting with both sales and acquisitions of collision repair businesses.
Securities transactions conducted by FOCUS Securities LLC, an affiliated company, registered broker-dealer and member FINRA/SIPC © 2024 FOCUS Investment Banking LLC
Securities transactions conducted by FOCUS Securities LLC, an affiliated company, registered broker-dealer and member FINRA/SIPC
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