Owned and Operated - A Plumbing, Electrical, and HVAC Business Growth Podcast cover image

#219 What It Really Takes to Buy a Local Service Business in 2025

Owned and Operated - A Plumbing, Electrical, and HVAC Business Growth Podcast

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Navigating the Purchase of Local Service Businesses

This chapter explores the complexities involved in acquiring a local service business, particularly the differences between stock sales and asset sales. The speakers underscore the importance of thorough due diligence, addressing legal liabilities, and the significance of financial transparency. Additionally, they highlight operational considerations and the strategic timing of employee communication during the acquisition process for a smooth transition.

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