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Contractor Evolution

173. Buying/Selling a Contracting Business? Listen to This. - Morgan Tate

Aug 14, 2024
56:46

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Buying and selling contracting businesses is no easy feat.

 

Compared to buying or selling a home, the whole system is needlessly confusing and incredibly dated. It involves pen-and-paper processes, uninformed sellers, and brokerage-owned listing sites that look like they were built in 2004.

 

Our guest today, Morgan Tate, is on a mission to change this with a new platform called DealBuilder.co that centralizes and expedites the deal-making process for brokers, buyers and sellers. And he’s got a pretty interesting vantage point on how businesses change hands.

 

In this episode, we cover:

  • The difference between saleability and valuation and  how to optimize for BOTH
  • How to spot solid buying opportunities to help you grow through acquisition
  • And lastly, the 3 most common deal killers - surprisingly obvious little mistakes that can squash a deal right before the finish line

 

If you’ve ever considered selling your business or acquiring another one, this is a must-listen.

 

Learn more about DealBuilder here: https://www.dealbuilder.co/

 

 

 

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