Exit Strategy

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Exit Planning: Creating a Methodical Plan for a Successful Sale Exit Planning: Creating a Methodical Plan for a Successful Sale

Planning for the sale of a remodeling company typically takes longer than most owners imagineóabout a year to plan and six or so years to execute. Here's what to keep in mind as you map your path. More

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Structuring an Internal Sale of Your Company

Selling your business to employees or family? Consultant Ken Stiefler explains a strategy that helps both the buyers and sellers. More

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Buy and Boost: Buying a Kitchen and Bath Company Buy and Boost: Buying a Kitchen and Bath Company

To grow the company, remodeler purchases a kitchen and bath company, moves its showroom, and enhances product lines. More

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Main Attraction: A Remodeler Sets up a Branch Office in the Location He Eventually Wants to Retire To Main Attraction: A Remodeler Sets up a Branch Office in the Location He Eventually Wants to Retire To

How one North Carolina remodeler is thinking ahead and expanding his business to Maine, where he wants to retire. More

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Career Move: Jobs for Remodelers Moving Into the Next Phase of Their Career

RICK PROVOST points out that since remodeling and construction experience migrate well to safety work, a new career as a safety professional might fit your post-remodeling plans. More

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New Legacy: Handling the Transition in Company Leadership From Father to Son New Legacy: Handling the Transition in Company Leadership From Father to Son

Legacy Remodeling, a family business, is making its transition in leadership gradually. More

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Decision Time: Survival or Exit? Decision Time: Survival or Exit?

Evaluate your company's long-term survival and then decide whether it might be better to come up with an exit strategy. More

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Cross-Training: Young Remodelers Gain Experience at Other Remodeling Companies Cross-Training: Young Remodelers Gain Experience at Other Remodeling Companies

Time spent at other remodeling companies helps next-generation remodelers gain insight and learn more about running a remodeling business. More

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Purchase Plan: A Former Owner Stays Involved After the Sale Purchase Plan: A Former Owner Stays Involved After the Sale

A unique arrangement provides a former company owner with an active role in the business after its sale. More

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Moving On? ESOP Ownership Transition Moving On? ESOP Ownership Transition

IRIS HARRELL: For Harrell Remodeling, an Employee Stock Ownership Plan made sense for ensuring that the company could continue after owner Iris Harrell began to ease out of the business. More

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