If you are considering selling your propane gas or fuel oil business now or in the next few years, here are a few key considerations when selecting the right consulting firm or business broker:
- Confidentiality: Privacy does matter! Don’t give away your leverage by broadcasting too soon that you are considering selling your business. Instead, your broker should create the acquisition buzz when the time is right, potentially leading to multiple bids and more money in your pocket.
- Document Preparation: Are you electronically challenged, or is your data ready for a potential buyer to review? Suppose you are old school and keep your records manually. In that case, it’s critical that you set up electronic record keeping in order to generate reports that can be included in this crucial component of the buyer’s package. The right firm can help you get your reporting and documents in order.
- Personal Relationships: Finding the best fit to keep your legacy going can be challenging. Avoid being contacted by tire kickers and consolidators. Instead, your broker will prescreen potential buyers and find the best match to meet your goal: to pass your customers and employees to the right hands.
Blue Peak Resources comprises a team of industry leaders with decades of experience operating, selling, and merging propane businesses. Our clients count on us to find qualified buyers and make their mergers, acquisitions, and exit events successful. In the end, it’s not about what you get for your business – it’s about what you get to keep.
We’d love to hear from you if you’re thinking about selling or acquiring a propane business.
For more information, contact John Armentano today at 914-420-2933.
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