4 Signs It Might Be Time To Sell Your Transportation Business

businessman in limo

It makes sense that your reticence about selling your company is on par with sending your first child into the world on her own: You’ve invested a lifetime’s worth of blood, sweat, and tears into your transportation company. Never mind your life’s savings. You don’t want to wait until you have to sell, but at [...]

Are Car DVD Players a Distraction to the Driver?

little girl riding in car

With the growing trend of adding DVD players and televisions to family vehicles, many families are opting to install the DVD players into their minivan or SUV. They can be added to the ceiling, dashboard, or back of chairs for all members of the vehicle to see. There are many benefits and drawbacks of adding [...]

Advice on Safe Truck Driving

Truck driving can be a very rewarding career, but one of the most important aspects of your job is learning how to drive safely. There are a number of ways to do this, and one of these techniques is called “target driving.” Target driving involves you as the driver focusing your attention on an object [...]

Mistakes to Avoid When Selling Your Ambulance Business

Unfortunately, many ambulance business sellers make mistakes that are ultimately detrimental to the sale of their business. For example, many sellers underestimate the emotional experience that selling a business can be. You’ve probably invested a lot of yourself in your business, so it might not be easy to pass it on to a buyer. Recognize [...]

To Buy or Not To Buy a Home-Based Transportation Business

For budding entrepreneurs, a small-scale, home-based transportation business can be an ideal starting point. All they really need to get started is a list of phone numbers for clients, properly equipped vehicles, and a healthy dose of good, old fashioned business sense. At the same time, though, a business owner won’t be successful without putting [...]

The Bottom Line for Transportation Business Sales

When the time comes to list your transportation business for sale, the bottom line in its appeal to a buyer will probably be cash flow. Your ideal buyer may want to replace a full-time income or to make reinvestments for long-term financial gain; either way, they’ll need assurance that they will make a financial profit. [...]

What’s the Market Like for a Charter or Tour Business?

The Fluctuating Market For Transportation Companies

“I’ve been very interested in selling my charter/tour business, but is anyone out there buying?” Seeing as how The Tenney Group has sold seven transportation businesses within the last five months, it’s safe to assume that there are many interested people looking to buy. In today’s market, there are three different groups of buyers for [...]

The Need to Be “Fair-minded” When Buying a Transportation Business

Brokering a Deal

Any business broker with enough experience has seen his or her fair share of deals unnecessarily fall apart. A deal may look great on paper but not materialize to fit the buyer’s bottom line or the seller’s financial requirements. Many times these types of situations can be explained by a lack of what we call [...]

Tips for Running a Limo Company as a New Owner

Limo Company Services

You have just purchased your own limousine business. As the owner, it is up to you to determine fair, reasonable rates for your customers. Developing rates is not as easy as simply listing a price per hour. While each limousine company will have their own unique rates, there are a few key tips that can [...]

The Potential Buyers and Sellers in the Transportation Sector

Purchasing a Transportation Business

Deciding to sell a transportation business is a stressful choice for those looking to exit the industry. The decision to sell a company comes with a whole host of anxieties and worries which may exceed those of continuing to run the business. The current economic climate may make you wonder if there is a viable [...]