Dee and Maureen Hamilton had worked hard for many years building up their business, Hamilton Electric & Plumbing, based in Pawley’s Island, SC. After being asked by friends when they were going to retire, Dee and Maureen began to think about and discuss their plans for the future. Dee recognized that his knowledge about the process of selling his business was limited and he knew that he needed expert help and advice to navigate the process.
He reached out to Ben Knight of Viking Mergers & Acquisitions to better understand his options. As a first step, Ben conducted a business valuation to determine what the business was worth. This provided a clear picture as to what steps were needed in order to sell the business. With Ben’s guidance, the Hamilton’s were able to increase the profitability of their business prior to their sale, and maximize the value when it came time to sell. Ben helped the Hamilton’s get the business ready for market, set a competitive listing price, and put together a marketing plan that would attract the right type of buyers.
Selling a business is a complex process, so Dee kept reminding himself to “Keep his eye on the prize.” After evaluating multiple buyers and offers, they found the perfect fit that they felt would not only be able to grow the business but also keep the existing team in place to ensure continuity. Now free from the business, Dee and Maureen are able to devote time in their golden years to their passions: traveling the world, spending time with friends and family, and unhurried walks with their dogs on the beach.
Watch the video above to see how Ben and the Viking team helped the Hamiltons successfully sell their business and achieve their dreams of retirement.
Are you considering selling your business? Viking can help you navigate the process from beginning to end. Contact us today and an expert member of our team can help you determine the next steps.