When limousine and chauffeured transportation business owners approach a business sale, they address many variables that will influence the success of their industry exit. Some of these variables include: a business valuation, consulting financial advisers and transaction tax strategists, hiring a business broker that understands their industry, etc. However, many business owners neglect to address […]
Transportation
Why the Transportation Business Flourishes in the Summer
If you are thinking about selling your transportation business, you may be wondering when the right time of the year to sell is. Generally, business brokers have steady sales throughout the entire year. However, the summer months can become a time when buyers and sellers can quickly find and close on deals. Brokers have attributed […]
Strategies for Maximizing the Value of Your Transportation Business
Companies and businesses are always seeking ways to increase their value, even if the owner doesn’t plan on selling the business any time soon. For those looking to sell a transportation business, the following tips can go a long way toward making your business more attractive to buyers. For those planning on owning the company […]
Should I Start a New Limo Business or Buy an Existing One?
A career in the limousine and chauffeured transportation industry can begin in one of two ways: buying a business or starting one. There is nothing wrong with either approach. However, the probability of success is much higher when buying an existing business. Here is why. Statistics: According to the SBA, new businesses with less than […]