Ep 270 - Selling Your Business – EBITDA is “Bullshit Earnings”
–The Pipeline Podcast – Ep 270 - Selling Your Business – EBITDA is “Bullshit Earnings”
– With Scott Jennings
In this episode of The Pipeline Podcast, Scott shares with us selling a construction business involves challenges in determining its value, with factors like EBITDA and various valuation methods playing a role. Finding a buyer can be done by approaching competitors, selling to employees, or using a merger and acquisition company. The costs of selling, including financial scrutiny and professional fees, are highlighted. Preparing for a sale through clean books, diversified clients, technology upgrades, and a strong management team is recommended. The selling process can take 45 days to six months. Scott also mentions their involvement in matchmaking for buyers and sellers.
I hope you find this episode as informative and as exciting as we have.
Please let us know your thoughts about the episode!
Connect with Scott Jennings, host of The Pipeline Podcast:
Website: http://sjcivil.com
LinkedIn: www.linkedin.com/in/scott-jennings-p-e-1435103
Email: sj@sjcivil.com
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