As entrepreneurs embark on their journey to acquire a business, one of the biggest hurdles they will encounter is what type of company to buy.
It makes sense that people would prefer to buy something in an industry they’re familiar with but that isn’t always feasible. After all, you shouldn’t pass up a great deal just because you don’t fully know the business.
There are a number of industries ripe for growth, even in tough economic times. At Acquira, that’s one reason why we love home services businesses. They’re recession resilient, they often have an established clientele, and they provide a service that everybody needs.
In this industry feature, we discuss roofing companies as a possible option. Roofing is a prime example of the businesses we’re talking about. Not only can it stand up to the pressure of recessions, but it’s also a business that isn’t based on trends or market movements. After all, everybody needs a roof.