Load Brokerage for Sale ?
- Thread starter qqq107
- Start date
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A potential purchaser will look at a number of different factors, usually starting with EBITDA, earnings before interest, taxes, depreciation and amortization. If you are considering selling, consult and if necessary, pay an experienced transportation M&A firm to provide you with a valuation. No sense starting the very involved process if there is no chance of getting what you need, or what you think your firm is worth.
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So I know a guy who knows a guy who is considering retiring from his brokerage business. Any big guys out there looking to snatch up a little $3M book of business? Comes with a solid dispatcher/CSR. PM would be best as seller is discreet. It's NOT my former employer. I'm looking to make an introduction, if a deal is struck, just send my wifey and I out for a nice meal and hotel stay in beautiful downtown T-Bay.
Keep well,
Mike
Keep well,
Mike
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Brokerages can come in all sorts of sizes. What is the revenue level you are looking for?
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qqq017,
Yes, I did receive your PM. I've sent about 15 inquiries to the vendor who is being selective about how/who takes over their business. I'm not involved any more than sending the contact info to the vendor. Thanks for reaching out.
Keep well,
Mike
Yes, I did receive your PM. I've sent about 15 inquiries to the vendor who is being selective about how/who takes over their business. I'm not involved any more than sending the contact info to the vendor. Thanks for reaching out.
Keep well,
Mike
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Hey Paul,
BranCar would be interested. Let me know when you have a minute to chat. [email protected] 226-888-8806.
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Loaders is exactly right - your accounting firm can likely refer you to a CBV - chartered business valuator- who can assist you in objectively determining the value of your business. Using a third party like this without involving a Transportation M&A firm lets you control your own destiny, rather than following the prescribed M&A sell sequence. There's a place for both, but you should own your valuation, rather than one of your advisors with a vested interest in a transaction. Sometimes the best transaction is no transaction at all.
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If you are considering selling, get a professional valuation done. It isn’t cheap, but well worth the cost. It may not be the number you’re looking for but it is a good starting point.