Sell a Business for the Best Price
Selling a Portable Storage Rental Business
In any market, there are sellers and then there are serious sellers. We'll give you the tools you need to be taken seriously when you decide to sell your portable storage rental business.
Personal and professional concerns surround the sale of a portable storage rental business. But have you considered how your customers, vendors and employees will handle the sale?
At Gaebler, we think waiting for the economy to rebound is a mistake for many business owners. Selling a portable storage rental business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Preparing Your Portable Storage Rental Business for Sale
The outcome of a business sale is largely determined prior to a market listing. Attractive portable storage rental business sales begin with a comprehensive strategy that incorporates planning, preparation and market positioning. Even though it may take years to adequately position your portable storage rental business, the amount of preparation you perform will have direct correlation on asking and sale prices. But your efforts to improve your company's position and profitability will only be effective if you invest similar effort into the preparation of accurate financial statements for buyers.
Adjusting Expectations
If you're smart, you entered your portable storage rental business with a set of assumptions about what it would achieve. However, no one told the marketplace about your expectations. The outcome of your sale will be determined by market forces - not by your personal circumstances or desires. Despite your best efforts, you need to prepare yourself for the possibility of receiving less than you expected from the sale of your portable storage rental business. If buyers don't seem to be willing to meet your expectations, consult with your broker to modify your strategy and market approach.
Dealing with Buyers
Buyers can present challenges, especially during the due diligence stage. The questions portable storage rental business ask during due diligence are designed to alleviate their concerns about the business and should be promptly addressed by the seller. Avoid answering buyer concerns with vague generalities. Instead, be as specific as possible, even if it means doing additional research before offering a response. If due diligence drags on too long, your broker may need to intervene.
Share this article
Additional Resources for Entrepreneurs