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Why you should sell your transportation company sooner rather than later

Sep 27, 2016 at 08:39 AM CST

With the economy languishing in Canada, many transportation owners are wondering if this is the year to consider selling the business. In most of the major provinces, there are five specific reasons why it would make sense to sell in sooner than later.

There are many factors that determine best timing for selling a business — the financial condition of the company, valuation, growth cycle, profit history, and the current market. Usually the best time to obtain the highest price occurs when sales and earnings are good and trending upward with a history of good performance. This gives buyers confidence in projected future earnings.