How do I sell my stairlift or accessibility lift business?
You might talk to your manufacturer early about consent to a new dealer, organise installed-base and service-plan records a buyer can test, plan how to keep your installers, introduce your referral sources, and settle who carries warranty callbacks on past installs. Then choose a channel and ask any broker whom they act for.
Selling a stairlift or accessibility lift business is less about the vans and tools than about what a buyer can safely take over. A buyer will want to know that the manufacturer will accept them, that customers will keep calling, and that the people who install and service lifts will still be there on Monday. Get those answers ready before you tell anyone.
Start with the manufacturer
Your dealer agreement may say whether a buyer needs the manufacturer’s consent. Read it with your lawyer, then think about raising the sale with your manufacturer contact before a buyer does. A manufacturer who knows a sale is coming can often suggest a suitable buyer or at least avoid being surprised. Keep the conversation confidential and ask what the manufacturer would look for.
Make the records easy to test
Buyers will ask for the installed-base list, service plans, renewal history, callback logs and warranty records. Tidy them now. A clear list that shows which customers hold which plans lets a buyer see what is recurring and what is one-off. Your accountant can help you present installation and service income separately, and explain any stock you hold for rental or resale.
Keep the people and the referrals
Installers and technicians are often the part of the business a buyer worries about most. Decide how and when to tell them, and whether retention arrangements make sense. Make a list of the therapists, home care providers and contractors who send you work, and offer to introduce a buyer personally during a handover period.
Settle past promises
Agree in writing who handles warranty callbacks on lifts you have already installed. The elevator selling guide covers commercial maintenance contracts and mechanics, which is a separate trade.
Related reading
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Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaIndustryHow to sell your business
- 02Business Development Bank of CanadaGovernment7 steps to increase your business’ value—before you sell it
- 03Business Development Bank of CanadaGovernmentHow to minimize negotiations when selling your business
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