Sell Your Brokerage Business to Freight Tec

At some point it will be time for you to sell your business. Perhaps, you simply want to retire or you may have an illness that precludes your ability to continue to broker freight. You could just be Burned Out and need to do something else with your life. Regardless of your situation, Freight Tec can help you.

As the business owner you have several options as to whom to sell your business. Often, a business owner will want to sell to a relative (son, daughter, brother) or to an employee who currently works for the brokerage. Other options include selling to a larger company, selling to all of your employees under an Employee Stock Ownership Plan ("ESOP"), or selling to only your existing managers.

At Freight Tec we are actively seeking situations where we can buy existing freight brokerage firms who have the following characteristics:

• Have a good reputation for honesty and service.
• Are Diversified (not 90% of the business tied up with one account).
• Arrange the transportation of freight for customers with good credit.
• Have good employees that can help transition the accounts.
• An active seller that will help maintain customer relationships.

Any Buyer of your business will be purchasing an "income stream". When you have created a company where you have some good customers consistently giving you freight and your expenses are less than your revenues, you have created an income stream that has value to a Buyer. Buyers are willing to pay for this income stream over time if it can be kept intact. Therefore, the process of transitioning the business you have created to another entity is critical and must be handled properly to maintain the value of your business.

Freight Tec has experience in buying and selling companies and can put together a program that's just for you to maximize your return on the sale of your brokerage.
For further information, call Aaron Boynton at (801) 298-7722.