> If successful small businesses only exist to get acquired
The average small business does not exist to get acquired. Only a very small number of small businesses are even interesting to private equity.
The average small business does not exist to get acquired. Only a very small number of small businesses are even interesting to private equity.
The trade businesses for home services have significantly less barrier to entry than the usual established business that they would usually buy. All it takes is a van and some tools in many cases for workers to start a new one after working for some years under someone else to get their license. It's a field where the PE firms will be taken to the cleaners on pricing and even customer service.
Definitely never underestimate homeowner's desire to price shop and nickle and dime the smallest of repair.
It used to be getting the actual HVAC systems was a problem but with internet you can get everything you need and bypass that whole racket, especially if you use mini splits you don't even have to know how to run ducts.