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The gap between exit-ready restoration businesses and eager buyers continues to widen, and a lack of sellable businesses could spin the industry into crisis. But there is good news on the horizon for current owners who focus on six key areas of their companies.
This week, we're revisiting the number-one mistake owners make when selling their restoration business. RBA Founder and CEO, Gokul Padmanabhan walks through the mistake that is costing you as you prepare to sell your business and plan a successful exit strategy.
In this interview, Brett Lawton talks about scaling, growing as a leader and finding the company’s niche as a mid-sized service provider in a competitive, increasingly consolidated market. He also discusses offering general construction and restoration services, and the value of an executive team.
In anticipation of the new edition of his book, “Why, When, & How to Sell Your Restoration Business,” Gokul Padmanabhan revisits the six drivers to preparing your business for sale.
In part seven of the “7 Lessons Learned from $500 Million in Restoration Transactions” series, Gokul Padmanabhan, CEO of Restoration Brokers of America, discusses the importance of leverage in maximizing the sale of your business. “Once the LOI is done, the leverage transfers over to the buyer and comes away from you,” he says.
In part six of the 7 Lessons Learned from $500 Million in Restoration Transactions series, Gokul Padmanabhan discusses the power of a strategic buyer who looks beyond your financial statements to the full potential of your business.
ATI Restoration, the largest family-operated restoration firm in the U.S., acquired ProCare Solutions and Lang Restoration & Construction at the end of 2021. This Ask the Expert episode brings leaders from all three businesses together to share both acquisition stories and lessons learned.
In part five of the "7 Lessons Learned from $500 Million in Restoration Transactions" series, Gokul Padmanabhan discusses the letter of intent, must-have clauses and how to ensure your exclusive agreement with the buyer leads to a favorable transaction.
Gokul Padmanabhan unpacks one of the key lessons he has learned over 15 years and $500 million in restoration business transactions. He explores time and how important it is in getting a deal done. "Time is not your friend," Padmanabhan says. He also overviews six additional lessons he has learned about restoration transactions.
In this installment of “7 Lessons Learned from $500 Million in Restoration Transactions,” Gokul talks about identifying what is important and understanding the leverage you have as you sell your business.