Appliance Repair

The appliance repair maintenance and service industry has proven to be steady year-over-year, which has translated over to the business resale market. Over the last 40 years, Sunbelt Business Brokers has transitioned hundreds of appliance repair businesses. While much of our success can be attributed to the highly experienced and knowledgeable business intermediaries stationed in 140+ offices throughout the United States, Sunbelt Franchise Resales (SFR) has partnered with the some of the industry's most popular trade associations including the United Appliance Servicers Association and Professional Service Association (PSA) to help educate their members on maximizing value and the business selling process. As a result, this has given us keen insights into how to effectively market this type of business and has allowed us to play an integral role in helping owners achieve their succession goals.  

As of the conclusion of 2024, the marketplace remains an advantageous place for business owners to transition their business. Immediately following the onset of COVID-19 in March of 2020, the buyer pool for businesses increased dramatically due to historically low interest rates, high unemployment and low job satisfaction. Since 2022, however, rapid rates of inflation and interest rates spiking beyond even pre-pandemic levels left many business owners wondering if they could still earn maximum value for their business.

The simple answer remains "YES!"

Year-over-year, the business resale market has continued to demonstrate that buyers are interested in purchasing strong performing businesses regardless of economic conditions. BizBuySell, the largest online business-for-sale marketplace, published their market insights report at the conclusion of Q4 in 2024. Here's what they said:

                                "The number of businesses bought and sold grew a modest 5% over the course of                                 2024, according to BizBuySell’s Insight Report, which tracks and analyzes                                 U.S.  business-for-sale transactions and sentiment from business owners, buyers,                                 and brokers. A total of 9,546 closed transactions were reported, representing an                                 enterprise value of $7.59 billion—15% higher than 2023—indicating a greater                                 concentration of higher-priced deals."

If you are an owner contemplating the sale of your business, it's never been more critical and beneficial to consult with someone who understands the marketplace, the selling process and how to appropriately value and market your business in order to maximize value.

Ready to explore selling your business? Contact us today for a free/no-obligation discussion and complimentary value range analysis!