The road haulage and freight services sector provides an essential service for people and businesses throughout the UK. Selling a business in this sector still requires careful pre-planning, however, to ensure it is operating at its best when presented to market.
If you are thinking of selling your road haulage or freight services business, you may have already included an exit strategy within your initial business plan and feel that now is the right time to implement it. Either way, using the services of professional business sales brokers offers you the best chance of achieving your objectives from sale.
Selling My Business can offer over 30 years’ experience of successful business sales, and specialise in selling road haulage and freight services companies. We understand your sector and the challenges you face – rising fuel duty, potential border control issues, and the shortage of skilled drivers – and can help you achieve the highest possible value.
So what issues do you need to consider prior to placing your business on the market?
To kick start the sale process, you will be required to prepare your business by carrying out a valuation of your haulage and freight business. We have a proven track record of facilitating the sale of a variety of businesses in the transport and logistics sector throughout our 60 years’ in the industry. As a result, the Selling My Business, in-house valuation team offer a haulage and freight business valuation service (if you choose to sell with us), boasting a fast turnaround in comparison to other business transfer agents.
The Selling My Business team will take you through how to value a haulage and freight business, ensuring that you understand the factors influencing business worth. Our extensive valuation service consists of looking at more than just your profit and loss statement, the SMB valuation team will take a forensic approach by filtering through your financial activity, such as overheads and gross profit margin.
"I have other business interests which required my attention so I appointed Selling My Business to find a buyer for my well-established, courier business. The in-house, valuation team valued my business to indicate a possible sale price and handled the sale process seamlessly."
Tony – Next Day Courier Service, Stockport
Fluctuations in the price of fuel, plus increasing diesel fuel duty, makes effective budgeting difficult for operators in your sector, restricting cash flow and affecting long-term profitability. If sterling weakens once we leave the European Union, it could place further pressure on an already strained working capital situation.
A shortage of experienced drivers is hampering the ability of businesses in this sector to operate effectively and ultimately grow. As a result, current workforces experience additional pressure to meet deadlines whilst working long hours and dealing with the constant threat of theft from their vehicles, which is partly due to a lack of secure areas to stop and rest.
Our exit from the European Union brings significant concerns for road haulage and freight businesses facing potentially long delays at European and international borders. Although the Haulage Permits and Trailer Registration Bill 2017-19 is intended to facilitate the international transportation of goods by road after we leave the EU, general uncertainty remains over how Brexit will affect this sector.
The move away from traditional fuels towards semi-electric and driverless vehicles will affect businesses such as yours in the future. This form of new technology requires considerable capital investment, even though the projected savings are significant.
Clearly there is much to consider before you place your road haulage and freight business for sale, from the issue of confidentiality to how you will extract the value from your business once it has sold.
Our expert team at Selling My Business can help you achieve your goals and objectives - please call for more information and to arrange a free consultation.
Contemplating selling your business? Our free, comprehensive guide will walk you through how you can sell your company. Our FREE guide covers all of the essentials, including:
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