Transportation

Great employees are a hallmark of any successful company, but they’re especially important in a reputation-driven industry like the limo business. Not only do the quality of your drivers and the good name of your brand influence clients, but they also impact value. Whether you’re planning on putting your limo business for sale this year […]

Sometimes business owners are our own worst enemies. It’s easy to get caught up in the flow of day-to-day operations and forget to occasionally step back and take an objective look at the business. Keeping your nose to the grindstone may keep cash flowing, but when it comes time to put your limo company for […]

Many business owners dream of someday passing the torch to a son or daughter or to a trusted employee. In reality, succession planning takes more than a dream – it takes a plan. Carelessly-executed ownership transfers can strain relationships, lead to legal battles, and degrade company value. In some cases, selling a limo business to […]

Most people wouldn’t think twice about hiring a realtor to sell their home. Yet when it comes to putting a limo company for sale, many business owners are reluctant to pay for a specialist. Unfortunately, it’s a decision that usually costs more than it saves. When you put an average amount of time and money […]

The price you ask for doesn’t have to be the price you settle for when you have a limo business for sale. Though your business valuation is determined by your assets and liabilities, your real value varies depending on what your company is worth to buyers. By preparing for a sale strategically, chauffeur business owners […]

You know you have a valuable business on your hands. So why are buyers taking months – or even years – to bite? Often times, the answer is right under your nose. Here are some of the top reasons buyers are deciding not to make an offer on your limousine business. Messy Financials Do your […]

Confidence in a business owner is a valuable trait. Overconfidence, on the other hand, can be costly – particularly when it comes time to put your limo business for sale. Owners often assume they can save money by handling the sale of their company independently, without the assistance of a professional. After all, they are […]

At first glance, lining up a buyer for a valuable chauffeur business seems like an easy enough task. But sometimes the value of a good business gets lost in translation. Every industry has quirks that can interfere with the sales process. In the case of a limo business for sale, calculating goodwill and securing financing […]

Humans are highly competitive by nature. If you need proof, just look at eBay. When there is only one buyer interested in an item, the item sells for its asking price. But with the right kind of exposure, eBay sellers can capture the attention of several buyers, who are instinctually compelled to outdo each other […]

In the fragmented luxury transport industry, it seems that every city has its share of limousine businesses. But a handful of markets stand out from the rest. Take the following five for example: • New York, NY • Houston, TX • Stamford, CT • San Francisco, CA • Washington, D.C. What makes these markets so […]

A general business broker may put hundreds of types of businesses on the market during a career. While this blanket strategy increases the chances for commissions, it provides almost no time to learn the quirks of any particular industry. A limo business broker focuses exclusively on chauffeured transportation companies. These industry specific brokers have the […]

Rising fuel costs, foreign wars, a flailing economy – if you turn on the news or scan the Internet, sometimes it’s hard not to feel like it’s the end of the world. If you’re a business owner or investor, it’s understandable to have some trepidation about the long-term rewards of buying a limo business. But […]

Financial experts often advise clients to “invest in what you know,” but that doesn’t mean you have to be a limousine expert to experience success buying a limo business for sale. Most limousine companies feature a straightforward business model and stable demand. For investors with a solid general business background and a strong motivation to […]

If you’ve made it to the purchase agreement, you’re in the home stretch – which is all the more reason to remain focused. Unlike the more flexible letter of intent, a purchase agreement is a binding document that spells out the terms and conditions of a sale. If a seller or buyer has concerns, it’s […]