Many people considering selling their business, especially transportation businesses, miss important sale opportunities because they doubt their business’s ability to sell. They worry that because their business is struggling, like many businesses in today’s economy, that they will be forced to accept a very low price or that sellers will not be at all interested in purchasing their company. This is an enormous misconception. The simple fact is this: Many buyers do not care about the current state of your company.
Their goal in purchasing it from you is to make improvements, so your company’s current state might not matter to them at all. If they absorb your company into theirs, they are thinking about what the combination of the two companies can accomplish together, not what your struggling company accomplished alone and under different management. Therefore, do not be afraid to try to sell if your company is struggling financially. Professional transportation brokers The Tenney Group can provide you with more information on selling your business, transportation related or otherwise, at their website (thetenneygroup.com).