November 13, 2019  
 
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Selling a Business

 

Selling a Liquid and Dry Bulk Trucking Business

Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet liquid and dry bulk trucking businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.

The process of selling a liquid and dry bulk trucking business can be one of the most stressful experiences of your entrepreneurial career.
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Despite the conventional wisdom, we believe current economic conditions are right for selling a liquid and dry bulk trucking business. We'll tell you what you need to know to achieve a successful sale outcome

Family Business Sale Tips

The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based liquid and dry bulk trucking business sale can be more complicated than selling to a stranger. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. Although it may seem odd, a sale to a family member can take longer than a sale to a stranger because it may take time to work through family issues prior to closing.

Maximizing Sales Price

If you haven't sold a business before, may be surprised by the time investment that is required to sell a liquid and dry bulk trucking business. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. Solo sellers usually find that it's simply too much to sell their business and lead it at the same time. Subsequently, they settle for less than the business's potential sale price. Time after time, sellers who hire qualified brokers are more satisfied with the sales process - and the price they receive for their liquid and dry bulk trucking businesses.

Preparing for What's Next

The decision to sell your liquid and dry bulk trucking business can't be made without adequate consideration of what will happen after the sale. many sellers find themselves ill-equipped to handle life after their business and fail to understand that their future plans can influence the sale process. We frequently encounter business sellers who haven't thought enough about their futures to know whether certain concessions (e.g seller financing) are a real possibility. As a result, they make bad decisions during the sale and experience less-than-optimal outcomes.

More Exit Planning Articles

Given your interest in exit planning and in liquid and dry bulk trucking businesses, you might find these additional resources to be of interest.

Renewing Leases Prior to Selling a Business

Marketing a Liquid and Dry Bulk Trucking Business

Entrepreneurial Exit Strategies


Conversation Board

Want to continue the discussion about how to sell a liquid and dry bulk trucking business? If you have firsthand knowledge about exit planning issues and challenges, we invite you to submit your comments. Questions are also encouraged!


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