How To Valuate & Sell An Equipment Rental Company With A Business Broker
Do you own an equipment rental company company? Are you putting some serious thought into selling or merging your company? There is never a bad time to think about selling your company. Owners have many reasons for making the decision to sell. Some are ready to retire, others have done everything they wanted to accomplish, and for some, it’s about moving on to the next challenge.
Now is a good time to think about selling an equipment rental company. There is growth in the industry. There is also a shift in the way other companies do business. Today, it’s become more economically feasible for many companies, especially smaller businesses, to rent equipment rather than to buy it outright. This has led to increase in profits for equipment rental companies. For you, this means your business value is at a high, and now is the time to sell to maximize your profits.
One of the main questions owners of equipment rental companies have is, “how do I sell my business?” You could try the private route and attempt to do it yourself. But, this takes lots of effort and you are opening the door to mistakes and not getting full value for your company.
A business broker in Toronto is an excellent resource to help you sell your company. At Beacon, our expert team can help your company get prepared to be listed for sale. We work with all types of businesses from many different industries, including equipment rental organizations.
Start With A Business Valuation
The process of selling your equipment rental company starts with an assessment and business valuation. You need to understand what your company is worth before you can list it. Having an outside professional value your business is essential. Attempting to set a value on your own company is problematic. Many owners tend to overvalue certain aspects of the company and others look at others. An outside perspective is always the best.
At Beacon, we specialize in business valuations. We will ensure you receive an accurate business valuation so you know exactly what your company is worth now. We’ll assess your business books, operations, consider current market conditions, and compare your company to other recently sold equipment rental companies to come up with an accurate valuation.
What Are Some Important Factors To Consider When Selling Your Heavy Equipment Company?
All business owners want to get top dollar for their company. You’ve invested countless hours and resources into your company. There is a lot to consider when assessing the value of your company. Here are some of the top factors that will affect your asking price:
- Company age and reputation
- Financial strength
- The type of equipment you rent
- Inventory size
- Customer type
- Staff and employees
- Key service and product differentiators
- Business partnerships
- Online presence
All of these factors will have an impact on your asking price. A business broker will take all of this into account when helping you determine a selling price.
Get Help With The Process Of Selling Your Equipment Rental Company
A business broker is your trusted resource and consultant throughout the sales process. You have enough on your hands trying to run your company and ensure it’s in top shape to generate the most interest from buyers. Our brokers can help you formulate a top-quality plan to sell. We’ll assist you with:
- Business valuation
- Getting your finances in order
- Identifying potential issues that need correcting
- Opportunities to boost company value
- The creation of a sales and marketing plan
- Identifying and finding qualified buyers
- Negations and close
As you can see, a business broker is a valuable asset throughout the sales process. If an issue arises, you can take peace of mind in knowing that you have a professional consultant to help you overcome it quickly.
Sell Your Equipment Rental Company With Beacon
Are you serious about selling your company? Want to know how much it’s potentially worth? Getting a professional assessment is the best first step you can take to explore your options. At Beacon, our team of business brokers can help you with everything from assessment to valuation, marketing, buyer discovery, negations, and more. We’ll help you sell your company quickly and ensure you get the best deal possible. Are you ready to learn more about how to sell your company? Contact Beacon Advisors to start the process of selling your equipment rental company. We look forward to assisting you with the sales process.