How to Reduce Owner Dependency Before Selling Your Business
If your business can't run without you, buyers will discount heavily. Here's the 90-day playbook for reducing key-man risk before going to market.
Read Article →Garage door businesses sell for 2.0x–3.5x SDE. Service and repair recurring revenue commands higher multiples than pure installation. Here's how to maximize your exit.
Jason Taken
HedgeStone Business Advisors
Garage door businesses are steady performers in the home service sector — lower PE activity than HVAC or pest control, but a solid base of individual buyers and strategic acquirers who understand the service-and-install model. If your garage door company has built a service department alongside installations, your multiple will reflect that quality.
Garage door companies sell for 2.0x–3.5x SDE. The range is driven almost entirely by the service-to-installation revenue mix. A business doing 70%+ installation work (new construction, replacements) with minimal service recurring revenue trades at 2.0x–2.5x — buyers see project-based revenue risk. A business with an active service department (springs, openers, panels), commercial accounts, and property management relationships trades at 3.0x–3.5x. Commercial accounts (apartment complexes, warehouses, retail) that recur annually can push multiples toward the high end.
Before going to market: document all commercial accounts and service relationships, inventory your equipment (trucks, lifts, parts inventory), separate installation revenue from service revenue in your books, ensure all technician certifications are current, and get your owner hours per week below 30. The biggest discount for garage door companies is owner dependency — if you're the primary estimator, installer, and service tech, buyers pay significantly less than if you have an operations manager and lead tech who run the business.
Individual buyers (SBA financing) are the primary market for smaller garage door companies ($500K–$2M revenue). They want to buy a business they can operate. Strategic acquirers — other garage door companies — are interested when there's geographic expansion opportunity or commercial account overlap. PE interest in garage door is limited (smaller average company size, fragmented market) but growing as consolidators look at the space.
Buyers typically want 30–60 day transitions for smaller garage door companies, longer (90 days) if you have significant commercial relationships. The non-compete is typically 2–3 years within your service geography. Ensure your pricing, supplier relationships, and tech team are documented so a new owner can operate confidently without you.
If your business can't run without you, buyers will discount heavily. Here's the 90-day playbook for reducing key-man risk before going to market.
Read Article →Broker fees are 8–12% of the sale price. But sellers who use experienced brokers consistently achieve 15–30% higher prices. Here's the honest math.
Read Article →Garage door businesses sell for 2.5x–4.0x SDE. Service and repair businesses command stronger multiples than installation-only shops.
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