Selling a small co?

Discussion in 'Ask An Owner Operator' started by Mosinee dave, Aug 29, 2018.

  1. Mosinee dave

    Mosinee dave Bobtail Member

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    Just wondering if it's worth selling my co when I retire. Have had our own authority for 30 years. Have a steady route wi to sw Mo and right back to Wi. Been doing this for 25 years potential for growth. Next year is when I may pull the plug. It took years to get the customers and good brokers. Or should a person just shut it down.
     
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  3. Ridgeline

    Ridgeline Road Train Member

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    Well I will tell you that there are people out there who will pay good money for an older established authority.

    I sold a couple to former drivers who would have paid a lot more than I was asking for it.
     
  4. buddyd157

    buddyd157 Road Train Member

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    advertise that as an auction (thru an auction house). put a reserve price on it, (what you realistally believe it is worth), then watch the bids soar..

    if no one meets the reserve, you still have the right to take the highest offer.

    find out the auction house commission first.

    i'd not sell it for rock bottom, get all you can get. if it's has growth potential as you say, don;;t be a sucker for a sob story, and sell it cheap...as THAT person will just "flip it".........and make the millions you could have had.
     
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  5. Oldironfan

    Oldironfan Road Train Member

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    Why did you short change yourself?

    I bet the mega carriers would like to buy an old established company. $$$$.
     
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  6. pmdriver

    pmdriver Road Train Member

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    Find someone to take over the routes and train them so they can take over giving yourself a bit of a cushion for retirement, then go have some fun.
     
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  7. highspeed1972

    highspeed1972 Light Load Member

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    Dave I live in Kansas City have CDL but have not driven OTR since the 90s. Wondering if you would be interested in what pmdrive suggested?

    Please PM me to discuss

    Thank you
    Brian
     
  8. S M D

    S M D Road Train Member

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    Sell it to somebody who will use it. Because starting up sucks. With that being said

    Send me a message with a price :)
     
  9. Rubber duck kw

    Rubber duck kw Road Train Member

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    Sell it for as much as you can get I would say, unless you have somebody you trust to run the day to day stuff for you and you can sit on the beach with a rum and coke and watch the money roll in.
     
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  10. Mosinee dave

    Mosinee dave Bobtail Member

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    At this point I am just thinking of sell I would have to figure out how much it's worth. We deliver and pick up in Carthage Mo s spring ngfield Mo. Very seldom go to food warehousesw
     
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  11. Mosinee dave

    Mosinee dave Bobtail Member

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    I was thinking if a group of O/O 7-9 could make some good money if they lived in Mo.or Wi.
     
    Oxbow Thanks this.
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