Kevin Kennedy

Reviewing “What It Takes: Lessons in the Pursuit of Excellence,” by Stephen A. Schwarzman

With more roofing companies looking to sell, now is the time to know some important facts and statistics to inform your exit planning strategies.

Selling a roofing business might seem comparable to selling one’s home, but making such an assumption could be costly to business owners.

There are massive mistakes roofing contractors can make when planning for a successful exit, which could account to as much as 70% of their wealth.

For many roofing contractors, a successful final chapter of their business is to transition or sell it to a new owner so they can retire comfortably. This is a critical phase, as most contractors fail to sell, and most end in liquidation for around 10% of their book value.