Exit Planning Tips
Selling a Hazardous Waste Transport Business
Unfortunately, many sellers are waiting to list their hazardous waste transport businesses until the economy fully rebounds. We think that's a mistake because for the right buyers, hazardous waste transport businesses are a great investment.
It's a fact: Successful business sales take time.
You'll always have an excuse for not putting your business on the market. Selling a hazardous waste transport business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Identifying Serious Buyers
Unfortunately, many of the prospects you will encounter aren't serious buyers. Even though tire kickers are a fact of life in any sale scenario, they sap valuable time and energy that could be spent identifying more serious prospects. Good business brokers are adept at separating serious buyers from the rest of the pack. Never provide detailed information about your hazardous waste transport business until the prospect has been qualified as a serious buyer.
Selecting a Broker
Good business brokers inevitably produce better business sales. In the hazardous waste transport business industry, experience is a must-have characteristic for qualified brokerage. The chemistry you have with your broker is a consideration. If you don't connect with a specific broker, move on to someone else - even if the first broker looks great on paper.
Laying the Groundwork
In addition to improving profitability and market share, planning the sale of your business will require you to think about how you will present your company to buyers. In our experience, it pays to solicit the advice of a professional business broker as soon as possible. A good broker will guide you through the preparation stage and make sure you've covered all the bases. Financial statements, appraisals, operations manuals and other documents lay the foundation for your hazardous waste transport business sale, creating incentives for prospects to agree to a higher asking price.
Share this article
Additional Resources for Entrepreneurs