When you’re ready to sell your transportation business, you need experienced transaction advisers who know the transportation industry and have the transaction experience you lack. With over 35 years of the kind of expertise you need, the Tenney Group can help you maximize the benefits you can receive when it’s time to sell your trucking, limousine, school bus, ambulance, courier, or non-emergency medical transportation business.
Because the Tenney Group brings their clients both vast industry knowledge and a comprehensive database of industry buyers, they help them to achieve top dollar for their businesses. The Tenney transportation brokers also help take a lot of the guesswork out of what could otherwise be a complicated and frustrating process for you, as the seller. Instead, the Tenney Group provides the kind of industry know-how that can alleviate the stress while helping your sale to be as rewarding as possible.
While more general business brokers may have the listing capabilities and closing expertise you need, they lack the necessary industry-specific experience that the Tenney Group can provide. Because the Tenney consultants focus on the transportation industry, they understand and know how to work with each of the distinct types of investors in the market for the kind of transportation business that you’re selling.
The process starts with the Tenney Group’s reliable valuation analysts, who can help determine a competitive selling price before they put your business on the market. Once they’ve worked with you to determine a target selling price, the Tenney business brokers can list your business in their comprehensive database of industry buyers, all while maintaining the highest standards of confidentiality. The Tenney transportation brokers realize that it’s paramount to keep your business’s for-sale status unknown to your customers, employees, and competitors, to avoid negatively impacting the value of your business.
When potential buyers demonstrate interest, the Tenney brokers’ negotiating tactics on your behalf will help secure a mutually agreeable price. One highly effective strategy they can discuss is to create a bidding war. This tactic capitalizes on the highly competitive nature of human beings, the same basic principle that can lead to items’ sometimes selling for prices far above market value on eBay and other such sites.
Basically, the idea of a bidding war is that by inviting buyers’ competitive drives to kick in, they often become willing to pay more for your business than they might otherwise feel comfortable offering. In the excitement and rush of the process, they’re forced to act quickly and raise the perceived value of your business. The Tenney transportation broker experts are proficient in creating the ideal competitive environment that’s specific to the sale of your unique business.
When it’s time to finalize the sale of your transportation business, the legal tax and financing resources available through the Tenney Group will come into play. Since the Tenney Group has these valuable resources at our fingertips, they can advise both you and your buyer and help the transaction to be completed in a timely, seamless fashion.
When you see how effectively the Tenney consultants can guide you through listing, negotiating, and closing the sale of your transportation business, you’ll see why the Tenney Group has been successfully serving the transportation industry for three generations.