Building a skip hire business from one truck and a handful of bins to a fleet of trucks and stacks of skips is no small feet.
You'll have put in loads of overtime, be stressed out beyond reason and have been kept up at night thinking of all the things you have to do.
When it comes time to sell up you'll want to get top dollar for the business so you can move on to life's next exciting adventure.
What The New Owners Will Want
If you want to sell for top dollar you're going to have to justify to the new owners why they should buy your business at your asking price.
This is where the goodwill of the business comes in. If you don't have anymore than a P&L from your accountant to show them, then this can make selling for top dollar very difficult.
Investors looking at businesses want to see that there are systems in place that can continue to be operated by staff without you.
This means documenting procedures for everything you do and delegating enough of it that you're being paid reasonably, so that a mere human can handle the position.
Where Are All The Skips and What Do They Have In Them
Further to this, you will also be needed to show where all the bins are currently located and what they should have in them.
This is so you can more easily come up with an arrangement for the cost of the pickup and the waste in the bins at their present location.
Hiary can track the locations of bins and pickups very easily and quickly using the data from the bookings you enter and tick off each day.
Hiary was created as the result of 10 years of working with micro and SME skip hire companies so it is perfect for even the smallest company to use at an affordable price.
By utilising Hiary to capture customer information and improve the profitability of your business along the way you'll be well on your way to a top dollar sale.
Justifying The Price Starts Now
With this customer information at hand you'll be able to show repeat customers easily and justify cash flow projections produced by your accountant.
To achieve a top dollar sale for your business you need to document every transaction and be prepared to hand over a business that can be run profitably when you're gone.
Trying to start this process in the last months before selling will make it almost impossible to achieve a price anywhere near the real value of your business.
This is because you will need to have at least 12 - 24 months of data to really make your business credentials look convincing.
Email This email address is being protected from spambots. You need JavaScript enabled to view it. now and make sure you get the money you deserve when it comes time to sell.