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Transportation

Leveraging Optimism and Realism in Transportation Business Sales

Last updated on October 9, 2012 by Sozo Staff Leave a Comment

Okay, I guess there’s a third option other than optimism and realism: You could be a pessimist, but we’re already assuming you’re not one of those. As a transportation business owner, it’s important to maintain a positive disposition, but at the same time, you need to be realistic as you set out to put your […]

Filed Under: Business, Transportation

Can You Still Sell Your Transportation Business for Cash?

Last updated on September 25, 2012 by Sozo Staff Leave a Comment

Maybe—but you probably won’t really want to. Even though an all-cash business sale is the ultimate dream for many business owners, such a dream is unlikely to come true. In fact, it might not even be the best case scenario, anymore. A large lump sum, with no strings attached, may become about as likely as […]

Filed Under: Business, Transportation

Owner Dilemma: Should You Keep Driving for Your Limo Company?

Last updated on September 18, 2012 by Sozo Staff

Limousine industry statistics show that the chauffeur business is largely comprised of small, independent operators with between one and five vehicles. In order to earn a living, most new business owners assume every role within their company, from office manager to primary chauffeur. But while multitasking can help get a fledgling business off the ground, […]

Filed Under: Transportation

Steps to Take When Buying a Limo Business with a Partner

Last updated on September 5, 2012 by Sozo Staff

They say that two heads are better than one. Buying a limo company with a partner can mean splitting the cost, workload, and risks associated with going into business. Unfortunately, it can also mean doubling the trouble. Different people will naturally have different ideas about how to manage, operate, and expand a company. While it’s […]

Filed Under: Transportation

Why Comparing Limo Business Value Is Counterproductive

Last updated on August 27, 2012 by Sozo Staff

Business owners often make the mistake of assuming they can price their company based on the value of similar limo companies for sale. But while it sounds counter intuitive, comparing two limo businesses is like comparing apples and oranges. A pair of companies may be nearly identical in terms of fleet size, location, and cash […]

Filed Under: Transportation

How Sellable Is Your Chauffer Business?

Last updated on August 22, 2012 by Sozo Staff

There are many steps business owners must take to prepare a chauffeur business for sale. But perhaps the most important one is to ensure the business is sellable in the first place. Owners who assume their company will find a buyer right off the bat may be in for a rude surprise. According to the […]

Filed Under: Transportation

How Much Is Location Worth in a Limo Business Sale?

Last updated on August 17, 2012 by Sozo Staff

For an industry that’s always on the go, the transportation business is surprisingly dependent on location. It’s not so much where you store your fleet or situate your management office that matters, but where you establish your market. From the costs of doing business to the concentration of customers and competitors, your general geographic region […]

Filed Under: Transportation

3 Ways Experienced Employees Impact Limo Business Value

Last updated on August 13, 2012 by Sozo Staff

Employees are literally the driving force behind a successful limousine business. Besides expertly carrying out the everyday tasks that keep a company running smoothly, experienced drivers and management teams contribute to the long-run viability of a business by enhancing its value. Whether you’re hoping to expand your limo service or sell to a buyer for […]

Filed Under: Transportation

How a Flexible Deal Structure Improves the Odds of a Successful Limo Business Sale

Last updated on August 7, 2012 by Sozo Staff

All too often, sellers focus all their attention on the purchase price without giving much thought to structuring a deal. But while all-cash deals might sound simple and convenient, they often come at a cost. These days, structured deals are much more common – and rewarding – than those comprised of lump sums. In fact, […]

Filed Under: Transportation

Should You Sell a Limo Business to an Employee?

Last updated on August 2, 2012 by Sozo Staff

Successors don’t always have to be related. For a business owner unable to hand down a company to a relative – and uncomfortable selling to an outside party – a key employee may make a logical heir. With their industry acumen and vested interest, long-time employees may stand a better chance of maintaining business performance […]

Filed Under: Transportation

Is It Time to Diversify Your Limo Fleet with a Bus Business?

Last updated on July 30, 2012 by Sozo Staff

The limousine business comes with pros and cons. On the one hand, it’s a relatively easy industry to enter. On the other hand, competing with more prominent rivals as a small chauffeur business can be tough. There are many strategies for standing out from the crowd, from focusing on excellent customer service to offering the […]

Filed Under: Transportation

4 Signs Limo Business Owners Need a New Exit Plan

Last updated on July 23, 2012 by Sozo Staff

By definition, an exit strategy is a plan for leaving one’s current situation – in this case, your limo business. But if you wrote your most recent exit strategy back when you wrote your business plan, there’s a good chance it’s no longer relevant to your current situation. Between shifting business cycles, new regulations, and […]

Filed Under: Transportation

The Importance of a Strong Selling Memorandum in Limo Business Sales

Last updated on July 19, 2012 by Sozo Staff

A selling memorandum is a first impression, marketing tool, and business plan all rolled into one. Not surprisingly, this all-important document can have a big impact on the outcome of a chauffeur business sale. By including the right information – and the right presentation – a strong offering memorandum benefits both buyer and seller. Attracting […]

Filed Under: Transportation

3 Types of Buyers & the Different Ways They Value Your Chauffeur Business

Last updated on July 18, 2012 by Sozo Staff

Just like business owners have various reasons for selling a business, buyers have different incentives for purchasing one. When a company fits with an investor’s goals, they will be more willing to buy your limo business – and may even pay a premium for it. By better understanding the motivations behind different types of buyers, […]

Filed Under: Transportation

Preparing for Due Diligence: Tips for Limo Business Sellers

Last updated on July 6, 2012 by Sozo Staff

Due diligence can be an intimidating concept for sellers. The idea of a potential buyer rummaging around in your affairs in order to verify your representations probably sounds about as appealing as an IRS audit. But buyers aren’t trying to make your life difficult – they’re just trying to ensure they’re making a wise investment. […]

Filed Under: Transportation

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