How do I explain my window shop’s repeat builder and renovator customers to a buyer?
Show the buyer who your repeat builders and renovators are, how long they have ordered, and why they keep coming back. Be clear about how much each relationship depends on you personally and what you will do to introduce the buyer. Honest detail beats a flattering summary.
Build a simple table of your repeat customers. For each, note the type of work, how often they order, how the relationship began and who at your shop handles it. A buyer wants to see whether the work is spread across many customers or concentrated in a few, since concentration changes how the risk looks.
Explain the reasons they return. Is it speed, fit, service on site, flexible quoting? Be specific, and back it up with a story or two. Then be frank about the personal side. If the builder calls you on your cell and has for years, say so, and describe how you plan to bridge that to the new owner. Hiding it only invites suspicion later.
Offer an introduction plan. A joint site visit, a call or a handover period can help the buyer meet the key customers. Check with your lawyer whether any customer agreements need consent to carry on, and keep the sale confidential until the right moment. Your accountant can help you show the order history in a way that supports the story without revealing more than needed early on. Finally, tell the buyer about any customers who have drifted away and what you learned from it, because candour about losses makes the rest of your account easier to believe.
Key takeaways
- List repeat customers with the work they order and who handles them.
- Say plainly how much each relationship depends on you personally.
- Offer a joint introduction plan rather than hoping customers stay.
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Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 02Business Development Bank of CanadaGovernmentAfter buying a business, what is the next step?
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