Our Own Success Story: Doug Hubler Sells Apex
After more than 25 years serving business owners—and over 15 years leading Apex Business Advisors—Doug Hubler has made the decision to transition ownership of the firm.
After more than 25 years serving business owners—and over 15 years leading Apex Business Advisors—Doug Hubler has made the decision to transition ownership of the firm.
Nobody builds, buys, or sells a business alone. Getting help is the difference between getting what it’s worth and anything less than that.
Do families often do internal sales? If I want to sell to a family member, how far out should I be planning? What happened to those 15 hours a day that both parents were working?
On average, businesses take 6-12 months to sell. Today we’re going to discuss a transaction that took three years from initial contact to closing.
We wanted to share a deal that highlights patience and perseverance from both the seller and the advisor, resulting in a premium sale price.
This particular success story starts with a business that often has a more specialized buyer pool: an auto service shop. The seller wanted to retire and had some health issues. The buyer was an experienced mechanic who had always wanted his own shop. The match looked good on paper, so it was time to start the work on the deal.