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 Local Service Business Acquisitions

This chapter examines the complexities of acquiring a local service business, focusing on the dynamics of the previous owner's involvement post-sale. It discusses the balance between retaining valuable knowledge and managing potential challenges in managerial authority, alongside strategies for negotiating purchase prices and assessing business risks. The speakers reflect on the importance of effective transition management to foster growth and adapt to new operational philosophies.

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