View Full Version : Selling your business
12-18-2006, 09:16 PM
Where do you begin to set the price on a LCO(maintenance only). I'm in the south and been in business 5 years and it's been a good ride, but it's time to move on. Good help positivly can not be found.
12-18-2006, 10:35 PM
What's your thoughts on what you might do next?
12-18-2006, 11:30 PM
You first need to determine what your equipment is worth. You can contact a dealer to find out what you might be able to sell them for. Also, unfortunately with this type of business it is hard to sell anything else besides the equipment or buildings.
Ask yourself this question, if you were to walk away from the business could the normal workings of the business continue? Do you have staff that understand the business in place? If not, then again it is just the equipment and buildings you are selling...you are selling your client list as well...but there are no guarantees that they would stay on with a new owner.
I would start with finding out what your capital is. Then we can go from there.
12-19-2006, 08:45 PM
Richard made some great points. Another thing that you need to look into is how your equipment was deducted with your accountant. Your accountant should be able to give you a value on your equipment as well based on the age of it. Most equipment decreases in value around 35% the first year.
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