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Old 09-16-2012, 08:25 PM
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jegoodri jegoodri is offline
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Join Date: Dec 2010
Location: Bloomington, IN
Posts: 46
When and how should I sell the business?

I'm considering selling my small one truck and trailer gig. What is the best way to sell and how do you put a value on your accounts?
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Old 09-16-2012, 08:28 PM
Duekster Duekster is offline
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Join Date: Jan 2007
Location: DFW, TX
Posts: 7,969
contracts / no contract? You staying on for the transition?

EQ and accounts are often sold seperate
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Old 09-17-2012, 08:18 AM
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wbw wbw is online now
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Join Date: Oct 2004
Location: houston tx
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Are you profitable?
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Old 09-18-2012, 02:47 PM
32vld 32vld is offline
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Join Date: Feb 2011
Location: Long Island, NY
Posts: 3,976
A truck that is 5 years away from being eligible for historical plates. Then is the trailer and other stuff is just as old not much value.

Accounts with years left on them vs people to free to jump ship. Accounts worth can only be based on their guaranteed future income. No guaranteed income no worth.

Are you willing to sign a no compete contract and not restart a LC business and not work for another LC business. If not then you greatly lowered the value of the business.

Example: Can't claim business made $50,000 when IRS was told you made $25,000. Too many people have told this lie to sell their business for more then it was worth.
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