Tips to Sell Your Propane Company

Posted by John Spare on July 1st, 2017

Whether it is due to falling gas prices, stiff competition, or failed succession planning, selling off your propane gas company may be the next logical step in the progression of your business. However, the process can be fraught with challenges and uncertainties. And when you reach that decision, the biggest question to ask is, “How do I sell my propane company?”

The good news is there are firms that actually specialize in the acquisition of other propane gas companies. Some of them are dedicated to making the otherwise stressful process as pleasant as possible. Their goal is an easier transition, ensuring a mutually beneficial arrangement that will serve your interest as well as theirs.

There are multiple acquisition models available. One option is the clean exit, where an owner would decide to give up the business for good, completely selling the business and everything in it to its new owners. This is usually the best choice for those who want to move on to retirement.

The second model involves a gradual transition that happens over a predetermined span of time. The original owner stays on with the company, taking on a smaller role under the acquiring company to acclimatize and transition the original employees and customers to the new owner. This type of arrangement is a good way to ensure job security for the employees. It can also help retain loyal clients as the company transitions to new management.

A third option allows for the original owner to sell off his or her propane gas company and stay on as part of the firm under the new management to continue under new leadership. This gives an advantage especially for younger owners to pursue and forge a career with an established company.

As each business model is unique, proposals to acquire can be discussed until an agreement can be reached. A system like this ensures that you just don’t say “Hey, I’ll just sell my propane company to anyone” and settle for any deal that would probably be disadvantageous for you, your employees, and your clients. With options like this available to you, you can find a find a way to transition smoothly, get a fair deal for your investment, and at the same time, ensure the future and welfare of your employees.

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.