When and how should I sell the business?

Discussion in 'Business Operations' started by jegoodri, Sep 16, 2012.

  1. jegoodri

    jegoodri LawnSite Member
    Messages: 46

    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?
  2. Duekster

    Duekster LawnSite Fanatic
    from DFW, TX
    Messages: 7,961

    contracts / no contract? You staying on for the transition?

    EQ and accounts are often sold seperate
  3. wbw

    wbw LawnSite Fanatic
    Messages: 6,165

    Are you profitable?
    Posted via Mobile Device
  4. 32vld

    32vld LawnSite Gold Member
    Messages: 3,983

    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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