Play smart, take all facts and figures into consideration!
9. Get Information About The Financial Documents and Contracts
One of the main keys that you will have to ask for before making any final decision, is asking the owner of the trucking business that is for sale to provide you with all the financial documentation of the company.
These financial documents shall include tax returns, sales records, accounts receivables, as well as financial statements.
This tip no. 9, or that is to say secret no. 9, makes it all crystal clear why it is good that you take an accountant with you when making this kind of appointments with sellers. What is more important, the accountant that you are going to choose to take with you should be familiar with this type of business.
If you want to make a successful business then you should check out everything before buying it, including the leases, the distribution agreements, as well as the purchases.
10. Close The Deal
After enumerating all facts and figures, it is time for the last step, which is sealing the deal. In order for you to close a deal, you will have to put all documents together. The documentation shall include notes, legal documents, as well as agreements.
