SELL YOUR UNDERPERFORMING PROPANE COMPANY TO AN EXPERT IN THE PROPANE INDUSTRY

Posted by John Spare on January 24th, 2017

Being a propane business owner, you must already know what a challenge it can be to run and manage a propane company and earn the trust of customers in an ever-evolving market place. Change is an inevitable factor for everything in life and your business is no exception. If you feel that you have finally reached a stage in life where you are ready to pass the torch into the hands of another propane business owner, this article will help you understand what this decision will involve. Here is everything you need to know about selling your underperforming propane company to an expert who will carry your legacy forward and ensure your hard work won’t fade away.

Selling Your Propane Company

For a business owner in the propane industry, the list of operational challenges continues to grow every day. Issues include:

• Fluctuating rates and inventory levels
• Shortage of skilled employees with industry experience
• Changing customer demands
• Increasing competition
• Frequent changes in industry regulations
• Complicated compliance with local, state and federal laws
• Dwindling market share and profits

You have always known that this is an industry that is unpredictable at best. Challenges are part of everyday operations in this ever-changing business. As an entrepreneur, you might have reached a stage when it is time to embark on new adventures and put your time into something more fulfilling and satisfying. The time has come to sell your underperforming propane company and leave the business before things become unfavorable.

Once you have made the decision to exit from the propane business, the next step will be finding a reliable expert who will buy your propane company and handle it with the same care and dedication as you would. There are many variables to consider before you finalize one name here:

• How much is your propane company truly worth?
• How will the seller handle your employees after the sale has been made?
• Will they be able to maintain the same level of service quality and trust that your customers have come to expect from your brand?

Getting a professional valuation of your business should definitely be the first step. This will ensure that you don’t undervalue your assets and also, don’t carry an overly inflated figure in your head when making sales negotiations. Dig deep into your business and find out what assets you have that will make your business appealing to buyers. Knowing your strengths will only help you in striking a better deal. Also, you will need to ensure that the company you sell your business to happens to be an industry leader - an enterprise capable of handling your customers and your operations well. Make sure they carry a good reputation in the market and are also known to be reliable employers so your existing workforce doesn’t face any issue when they start working for them.

Just keep these factors in mind when you decide to sell your propane business to an expert propane company.

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.

Contact Details:

ThompsonGas Acquisitions
5260 Westview Dr,
Frederick
Maryland
866-996-0926