Industrial services include several industry sectors, from Waste Management to staffing services. It also includes the handling of hazardous waste, linen and uniform supply, and other similar industries. The success of these businesses is tied largely to the clients they serve, but creative diversification enables growth even during a recession.
The industrial services industry is often tied to the success of other businesses. For instance, the staffing services industry has fewer clients and lower volume during a recession. Due to recent events, many companies have diversified their services to protect their business. If you are one of these creative companies, now may be a great time to sell, as buyers are always attracted to strong businesses.
There are challenges the industrial services industry faces as the economy experiences a recovery. Also, even during times of growth, companies are faced with the difficulty of finding qualified employees. Despite these challenges, some companies are doing really well. Now is a great time to talk about selling your California industry services business.
The industrial services industry will be one of the first areas to recover from recessions. It can be a very profitable business when costs are controlled and it is managed properly. Finding the right buyer can be challenging with all the various regulations in California, but that is what we specialize in doing here at Rogerson Business Services.
Are you selling an industrial services business in California? Or are you just now thinking about your exit plan? We’ll help you every step of the way, starting with a business valuation, so you know what your business is worth. Then we’ll be there with you every step of the way, from vetting potential buyers to financing, escrow, and closing. We’d love to put our skills and proven track record to work for you.
Selling an industrial services business in California is different than in other states, and it can vary by location including the city and county where the business is located. From local regulations to negotiating lease continuity and contracts with vendors and clients, things can seem overwhelming.
Your California Certified Business Broker can help you determine if your buyer is qualified to buy, both financially and otherwise.
That’s because the other part of selling an industrial services business in California is financing. Your buyer will need to qualify for a loan, and you may even need to carry some of the financing yourself. This can include equipment, and how the taxes are structured in the sale make a huge difference in the offer you receive. We’ve sold businesses like yours before, and we can help you with any unique situations you may encounter when selling an industrial services business in California.