Selling a trucking company is an attractive proposition for many buyers, but it can be a challenging process. In this article, we will explain the key steps for selling your trucking business so you can maximize its value and ensure the sale is successful.

How to Sell My Trucking Company?
Calculating the value of your logistics business is the first step in selling your trucking company. You need to take into account the worth of the equipment, vehicles, and other assets, as well as the potential value of any contracts and relationships with customers.

Next, you should consider ways to increase the value of your trucking company. Investing in new technology, training staff, and developing new marketing strategies can help to make your business more attractive to buyers.

Finally, it is important to build a sellable company. This includes creating a business plan, financial statements, and other essential documents that potential buyers may need to evaluate your business.

Tenney Group specializes in helping entrepreneurs sell their trucking companies. We provide knowledgeable advice and assistance throughout the sale process, from asset valuation to contract negotiation. We can also help to connect you with the right buyers and ensure that you receive the best possible price.

If you’re considering selling your trucking company, don’t hesitate to contact us. We are a trusted resource for business owners looking to transition their business to the right buyer.

In 2022, we expect to see a record number of acquisitions in the trucking industry. Whether you’re looking to buy or sell a trucking company, is a great resource for answers to all your questions about selling a business and about business brokers.

What is the worth of a trucking company?

Generally, there are two ways to determine the value of a trucking company using EBITDA multiples: one involves adding operating profit, depreciation and amortization, and the other involves adding net income, interest, taxes, depreciation and amortization.

What is the typical net income of a trucking business?

The average amount of money earned after expenses for a trucking business was 14%.

Will the trucking industry be in decline by 2023?

The majority of those surveyed predicted lower conditions in 2023 due to a decrease in spot rates.

What is the income of someone who owns a small trucking business?

An owner/operator of a trucking company in the US could make between $2,000 and $5,000 each week, while an investor in such a company could bring in between $500 and $2,000 in the same time frame.