Steps to Sell your Transportation Business
If you are considering selling your transportation business, you probably have many questions about the best way to go about it. You may be wondering; should I sell my trucking company, or you may have a Trailer Business for sale, or perhaps you are considering selling a Medical Transportation Business.
There are many factors to consider in selling your company, and we have the strategy to help you succeed. If you own a transportation company with annual revenues of $700,000 to $70 Million, we have many potential buyers and can provide a free valuation and confidential consultation. Below are some of the steps to take when considering selling your transportation company.
How To Sell A Transportation Business
There are many ways you can sell a transport business. Just as there are multiple routes you can take when transporting goods, there are multiple routes you can take in selling a transport company.
You can try to sell your company on your own or hire a transportation business broker that specializes in your industry. We know from experience selling transportation companies is a lot of work and requires expertise and planning. Make sure you sell your business effectively.
1. Contact a Transportation Business Broker
Synergy Business Brokers has a database of over 30,000 potential buyers, and we have many potential buyers for businesses in the transportation industry. We can discuss the process of selling your transportation business. We will discuss the advantages of your business and some of the challenges that you might face. Our goals are to learn about your business to position it correctly and get the right potential buyers for your business. We have potential buyers for subsectors of the Transportation Industry:
- Trucking Companies
- Moving & Shipping Businesses
- Medical Transporation
- Intermodal Shipping
- Courier & Delivery
- LTL Trucking
- Trailer Manufacturing & Distribution
- Overnight Delivery
- Airport Services
- Railway Transport
- Marine Services
- Junk Hauling
- Waste Management
- Storage Facilities
- Distribution & Warehousing
2. Free Valuation & Consultation
One of the first steps is to provide you with a possible asking price for your transportation business. We will review your financial information and, with your assistance, determine what your salary, perks, and benefits are to come up with your owner's net cash flow. We will also look at your revenue trends to see whether your business has been trending up, going down, or stable. We focus on selling transportation businesses with net owners' cash flow (including salary, perks, and benefits) of $250,000 to $7Million+.
When you have provided us with the last three years' profit and loss information and a current year-to-date profit and loss, we can provide you with a possible asking price for your business. We don't charge a fee for these services until we sell your transportation company.
3. Marketing & Maintaining Confidentiality
With your input, we will develop a marketing document for your transportation business that we will use to get people interested while at the same time protecting the confidentiality of your business. Potential buyers will need to sign a non-disclosure agreement and provide information about their financial qualifications before providing specific details on your business. From there, we usually need to speak with many potential buyers to get someone interested in making an offer on your business.
4. Offers for your Transportation Business
The goal is always to get multiple offers, which would give us the best opportunity to get you the highest price for your business. Synergy Business Brokers has won several awards in our Business Brokerage Practice. We have a team of brokers that can meet with you for a confidential consultation.
Where Should I Sell My Transportation Business?
Transportation companies are different from other businesses. Your transportation business's location can interest buyers. If a business located in New York wants to transport its product throughout the United States, a transportation company located in Pennsylvania or Tennessee is extremely beneficial compared to a transportation business located in Maine.
So, where should you market your transportation business? At Synergy Business Brokers, we help you sell your transportation business locally, nationally, and internationally. No matter where the buyer is located, we will seek out qualified and interested buyers.
Transportation Business Mergers & Acquisitions
Mergers and Acquisitions are common for transportation companies. Why? Many businesses look to widen their market reach. Just as a business would be interested in acquiring your transportation company because of its location, a business would also be interested in acquiring your transportation business because of how it will widen its market reach. Contact us for transportation M&A services.
Sell Your Transportation Business
Call us today at 888-750-5950 or fill out our easy form and submit it online today.
If you are interested in buying a transportation business such as a trucking company, limo or taxi business, hauling company, or other transportation business, please view our: Transportation Businesses for sale. We often have trucking businesses for sale, logistics businesses for sale, freight brokers, and more.