5. Offers for Your Transportation Business
After meeting with the potential buyers, we’ll identify those who are serious enough about purchasing to make a written offer. The goal is always to get several offers, which would give us the best chance to get you the highest possible price for your business. We will discuss each offer with you, including the price, due diligence requirements, terms of sale, the buyer’s interest, whether the buyer needs financing, and how likely we believe the buyer is to close on this deal.
Once we present you with the offers and discuss the details, we can negotiate terms with the best potential buyers. Along with the price and payment terms, we will discuss the transition period the buyer wants, their plans for running the business, and the due diligence that will be performed. After the offer terms are agreed upon, both parties will sign a letter of intent.