In addition when selling your equipment rental business on your own you need to worry about keeping the sale confidential. You wouldn’t want your employees, customers, or competitors to find that your business is for sale. A professional business broker will get all of their potential buyers to sign a confidentiality agreement before they are even provided with the name of the company that is for sale. In addition they will get background information and financial qualifications of each buyer before you speak with them.
The equipment rental sector has experienced consistent growth over the last decade, and is now an $87.5 Billion industry. This creates many opportunities for mergers and acquisitions. Because the industry is growing you can get potential acquirers from both within the industry and outside the industry including private equity investors, wealthy entrepreneurs, and companies that want to gain access to this growth industry. There are different sub sectors within the equipment rental industry including:
If you are not sure you want to sell, we’ll discuss your needs and see if now would be a good time. Keep in mind that it typically takes 6-12 months to sell your company and many buyers want the seller to stay on for a transition after the sale, so you want to start the process before you are ready to retire or remove yourself from your business. We’ll review your financial information and give you an idea of the value of your company. Then you can find out whether the timing is right.
To get started call (888)-688-4664 or fill out our confidential form. We look forward to hearing from you.