Someone had mentioned that I put it on the internachi forum. I was just getting some feelers out there. Thanks!
This morning it was $100,000. What will it be worth tomorrow? It’s not a good time to try to sell a home inspection business. My thoughts are a home inspection business is only worth the value of the used tools. Most home inspection businesses owners don’t understand they are the business. Best of luck with your sale.
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Hi Martin,
I know…Just putting feelers out. My health is not good. Honestly it will probably be $50,000 by the end of the week.
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When you say “2 inspectors”, is that including you? And would they also be committing to the new owner?
This type of business is only worth the tangible assets. Intangibles (clients, list, “brand”) have the least value and cannot or should not be relied on in this type of transaction. Good luck Matt and hope it all works out!
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Sorry to hear, best of luck moving forward.
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Matt I hope the sale of the business works out well for you. Best of luck.
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You have rightfully been profiting off of your employee(s). In my opinion, nobody is going to do better with the success of the business moving forward than them. Maybe “sell” it to them on a gradual profit sharing until it is paid off.
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I really appreciate the opinions. However putting some thought into the replies received. I wasn’t looking for opinions, I was hoping someone would be interested in buying my company. From the first reply, I feel that posting in the forum, my chances at selling my company have been sabotaged. I’m sure that all replies are wrote in the vain as being helpful, but this isn’t helping me. Maybe you’re trying to help the person who is getting into home inspection… I don’t know.
Even if someone was to purchase it, and volume dropped by 50%, they would be grossing $150K right from the get go. The company is run with low overhead. We use the profit first method, and have very loyal realtors.
Thanks.
Offer the business to your employees. So much down, say 10,000 per employee, so much per inspection. say 20% of the fee.
Explain you will help them move forward for 1 or 2 years, or longer. You never know, you many regain your health by then.
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Robert,
Thank you for your reply. This is a great option. I’ll let you know what I come up with.
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