Is Now a Good Time to Sell My Trade Business?
Here’s what to know about an exit in 2025
If you’ve been thinking about selling your trade business, whether roofing, landscaping, HVAC, plumbing, or electrical, now could be a very good time. All reports show that in Q1 2025, the number of businesses being sold, and the prices being paid, are both going up. In other words, there may be a great chance for you to exit your business on strong terms, especially if you’re well prepared.
More Deals Are Happening, For More Money
In the first quarter of this year, more businesses were sold than in the same period last year. The total number of deals went up by 15 percent, and the total value of those deals went up by nearly 60 percent, according EY’s Q1 report. That tells us not only are more buyers active, but they are also paying higher prices for good businesses.
This is especially good news if you’ve spent time building a business that runs smoothly, has steady customers, and makes consistent profit. These are the kinds of businesses buyers are most interested in right now.
What Buyers Are Looking For
Not every business will get a great offer. Buyers want businesses that are organized and easy to understand. They want to see proof that the business works well without the owner having to do everything.
If your business has the right setup, buyers may be willing to move quickly and offer a fair price. Some may even compete with each other, which can push the price up.
What You Can Do to Get Ready
If you’re thinking about selling within the next year or two, there are steps you can take now to get ready. Being prepared can help you sell faster and for more money.
Here’s a simple checklist to help you get started:
Exit Readiness Checklist
If you can answer “yes” to most of these questions, you may be in a good spot to start exploring your options. If the answer is “no,” we should talk. Our team of experts can help you put the right structure in place so you’re ready when the time comes.
Make the Most of the Market
The market for selling trade businesses is picking up speed. If you’ve built a solid company and are thinking about moving on, this may be one of the best times in recent years to begin that process. Preparing now will help you make the most of the opportunity when the time feels right.
If you’re not sure where to start, talking with someone (like us, of course) who knows the market and has done this can help. Even a short conversation can point you in the right direction.
