Not So Fast, My Friend!
Monday, January 21, 2019
Thinking of selling your company? As Lee Corso would say, “Not so fast, my friend!” You may be shortchanging yourself if you sell now…and perhaps by millions of dollars. There is a time to sell and a time not to sell. What if you could take your company to a CAGR of 20% for another 3-5 years? What would your revenue be then? If your revenue was $2,000,000 at the end of 2018 and you have a CAGR of 20% for the next three years, then your revenue would be $3,456,000 in three years. In four years it would be $4,147,200. As CEO of Middleton Lawn and Pest Control, I took our company from $8,000,000 in 1996 to $35,000,000 in 2005. It was all organic growth…no acquisitions. We had an average CAGR of 18%. We added $27,000,000 in nine years. Several of those years our growth rate was approximately 20%. Maybe your time frame isn’t nine years but what if you had someone helping you to quickly get to a CAGR of 20% or greater and then do that for 3 years or so? Contact us at The Clendenin Consulting Group and check out our website at www.theclendeninconsultinggroup.com Check out the testimonials of those I have had the pleasure of working with and my personal bio. If you are firm in believing it is time to sell your company, we have a long list of potential buyers that include other lawn and pest control companies, publicly-held companies that are also in the pest control and lawn care space (or that want to be) and private equity firms. We can show you how to set your company up to maximize your purchase price. Our fees are modest. We have strategic relationships with other firms in the world of finance, law, HR and marketing in addition to having four decades of experience in all the business disciplines ourselves.
-Greg Clendenin