Mergers & Acquisitions and how to prepare for selling your business!

So, I have good news and bad news, I’ll start with the good news first; You have a successful Motorcoach business and you’re thriving. You started the company on a shoestring and a prayer, and now? Now you have multiple vehicles, a list of return clients, and you’ve consistently turned a profit. During your tenure, you weather a bevy of issues and come out stronger for it. You’ve been through all the bad times and the good ones and now you’re ready to sell. Your reasons may be private or public but either way you’re putting the for sale sign out. You’ve made up your mind… not so fast…. Now the bad news. Even though your business is on solid ground you may not be ready from a buyer’s viewpoint. Why? Well it could be a whole host of issues. Poorly filed paperwork, incomplete tax returns, missing licenses and certifications, un-updated employee files, lost receipts, past due inspections… all your business records should be in order before you even start. Not only that but you’ll need to find the right company to work with you as you go through this process and that in itself can take a few months. So, this is not a 3, 6, 8-month effort… this is an ongoing effort that truth be told should have started from the moment you hung out your shingle. With that in mind join me as I talk with Gladys Gillis, CEO of the Starline Collection, & UMA Chairman and Charles Tenny, Senior Managing Partner of the Tenny Group as they outline a plan for what it takes to sell your Motorcoach business. Welcome to the Motorcoach Minute a podcast from the folks at UMA and Bus & Motorcoach News, it’s designed to make it easier for you, the Owner/Operator to get to the meat of the issues affecting the Motorcoach Industry.