In this clip from our recent Restoration Rundown podcast with special guest Gokul Padmanabhan (Restoration Brokers of America) he mentions that 80% of restoration businesses can not be sold today.

“So when you look at the restoration family as a whole, I don’t know, whoever you talk to 20, 23,000 or so restoration companies in our country. And do you know, 80% of those cannot be sold today? Even if the owner of the company wanted to sell it. So that’s why I wrote the book in educating them. And exits are never planned. It’s always an event driven thing, you know?

So it’s health, it’s family, it’s moving to another state, it’s I don’t wanna rebuild a team, you know, my right hand person left now I don’t wanna spend another 10 years to rebuild; so it’s event driven. It’s very rarely planned, right? So that’s the reason I wrote that book so people and owners and entrepreneurs can get ready. ‘Cause you’re an entrepreneur, I’m one, I haven’t had a paycheck in 30 years, a W2, right? And you know, we all are a little crazy right, to get into business.”

Click here to watch the the full interview:

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