As a propane company owner, you face a lot of problems on a daily basis—problems that may get you to think about simply selling your business. Perhaps the demands of your customers have become increasingly difficult to fulfill. And then there’s the fact that propane inventory levels and rates are becoming more and more unpredictable, or that the constantly changing regulations make it hard for your company to comply. No matter what your motivation for selling your propane business is, you should make careful considerations first before finally selling it to a propane business buyer. Here are 5 key points to know when selling your propane business:
1. Do your research.
Selling your propane business is a big decision, and so it is a must to have the right information first before you choose your propane business buyer. Look for a buyer that will see to it that the transition is as easy as it can be. Think of how your legacy will live on and how your employees will take the transition. It’s also important to consider how to maintain your customers’ loyalty.
2. Read testimonials about the buyer.
When looking for a propane company buyer, it is advisable that you check out reviews and testimonials about them. Try to see if their past clients had a good experience and an easy transition, and if the buyer really cares about the propane businesses that it buys. The best propane company buyers have already acquired companies in a number of states, and have been in the propane business for decades.
3. The buyer must have good intentions.
The right buyer should be able to make you feel at ease as you sell your business, and it should also ensure you that your employees will be in good hands. The dedication and hard work that you have poured into your business should not go to waste, and choosing a buyer with good intentions will ensure you that your company will live on.
4. Have a bucket list.
Create a bucket list that consists of the things that you need or want to accomplish before you finally turn your company over to your chosen propane business buyer.
5. Consider a buyer that offers you options.
Choose a buyer that will allow you to either remain active in the business, transition gradually, or completely exit the industry.
About the Author
ThompsonGas Acquisitions is a Division of ThompsonGas – purchasing small to mid-sized propane companies. The ThompsonGas family understands every propane business comes with a unique set of specific needs. Like leaves on a tree, no two propane acquisitions are the same. When you choose to sell your propane company to ThompsonGas they are committed to working with you to ensure the agreement suits your requirements as well as theirs.
Contact Details:
ThompsonGas Acquisitions
5260 Westview Dr,
Frederick MD
866-996-0926
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