November 30, 2020  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Company

 

Selling a Bus Travel Business

A good business is about more than dollars and sense. To make your bus travel business what it is today, you've had to fully invest yourself in its success. Now it's time to put that same kind of focus into selling it.

Dire economic forecasts have forced many bus travel business sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.
(article continues below)

If you're ready to move on, now is the right time to sell your bus travel business.

Equipment and Inventory Concerns

It's incumbent on buyers to commission their own appraisal of your bus travel business's real assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. When you conduct your appraisal of your assets, note their condition and include it in the information packet you prepare for prospective buyers.

The Best Person to Sell Your Bus Travel Business

An unassisted business sale is a double-edged sword. On the one hand, no one knows your business better than you do. When it comes to earnings potential, asset condition, and other considerations, you are the world's leading expert on your company. However, your close connection to your company can also be a drawback. Nearly all sellers have an inflated sense of their company's value. At a minimum, conduct an independent appraisal of the bus travel business to gain an objective sense of fair market value.

Timing the Market

Now may be the best time to sell a bus travel business. With interest rates at all-time lows, it's easy to see why bus travel businesses are an appealing investment opportunity for savvy investors. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.

More Exit Planning Articles

We think you may find these additional resources to be of interest.

Marketing a Bus Travel Business

Family Business Exit Plans

Renewing Leases Prior to Selling a Business

Terms of Investment Banking Agreement


Conversation Board

Looking for more information about how to sell a bus travel business? Then we want to hear from you! Send us your comments and questions, and we'll do our best to help you.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Hoping to Open a Bus Travel Business?

If starting a bus travel business is on your agenda, these helpul resources may be just what you've been looking for:

Opening a Bus Travel Business

Do You Market Products or Services to Bus Travel Businesses?

If you consider bus travel businesses to be sales prospects, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Bus Travel Businesses

Mailing Lists for Bus Travel Businesses

More Business Transfer Information

If you are looking for exit plan advice for a different kind of business, please browse our directory of exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary