Steps to Sell your Transportation Business
If you are considering selling your transportation business, you probably have a lot of questions about the best way to go about it. You may be wondering should I sell my trucking company, or you may have a Limo Business for sale, or perhaps you are considering selling a Medical Transportation Business. There are many factors to consider in selling your business, and we have the strategy to help you succeed. If you own a transportation business that has annual revenues of $700,000 to $50 Million, then 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 business.
1. Contact a Transportation Business Broker
Synergy Business Brokers has a database of over 28,000 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 so that we can 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
- Courier & Delivery
- LTL Trucking
- Trailer Manufacturing & Distribution
- Overnight Delivery
- Airport Services
- 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 the trends in your revenue to see whether your business has been trending up, going down, or stable. We focus on selling transportation businesses that have net owner's cash flow (including salary, perks, and benefits) of $200,000 to $4Million+.
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 we provide the 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 a number of awards in our Business Brokerage Practice. We have a team of brokers that can meet with you for a confidential consultation.
If you are interested in buying a transportation business such as a trucking company, limo or taxi business, hauling company, or some other transportation business, please view our: Transportation Businesses for sale. We often have trucking businesses for sale, limo businesses for sale, and more.