TransValuation, the expert valuation service for transportation businesses, available exclusively through The Tenney Group, can help you make integral decisions regarding your transportation business. With a clear picture of your company’s fair market value, you can plan and invest wisely for the future, making sensible risks in keeping with the realistically hoped-for rewards.
While some business owners wait until they’re ready to sell to have their business assessed at The Tenney Group, we recommend securing an accurate, up-to-date valuation every year to a year-and-a-half. Knowing the current status of your company along the way can help you avoid changes that will decrease your business’s value as well as making strides toward improving it.
Not only will this kind of information help guide your decisions and increase your company’s success now, but it will help you increase the amount you can expect to receive when it is time to sell, even if that point is miles down the road. By having your business regularly reassessed, you can avoid major surprises or disappointments when it is time to sell.
Even if you decide not to have your business assessed as regularly as we recommend, there are times you will need to have it done. Some of those occasions include the following:
- Sale, merger, or acquisition of the business
- Partner buy-out
- Transfer of ownership to a son or daughter
- Litigation requirements
- Securing SBA financing
- Figuring gift tax, estate tax, or ESOP
- Personal reasons, like estate planning or divorce
When it comes time for you to secure a business valuation, we hope that you’ll consider the unique TransValuation offered by The Tenney Group. Because we specialize in helping businesses within the transportation industry, our business appraisal services are more reliable than any others you can find. Business brokers with broader ranges of services simply cannot offer the added value that our transportation experience gives.
In addition to our transportation expertise, a TransValuation by The Tenney Group adheres to the ethics and guidelines created by the American Society of Appraisers. Our appraisals are prepared to meet requirements by the Uniform Standards of Professional Appraisal Practice (USPAP).
Because of our wide range of services we have available, if you are seeking a professional appraisal for your business because it’s time to sell it, you’ll be especially glad that you started working with The Tenney Group. Once you’ve received your thorough business valuation, we can work with you to determine a listing price and target selling price. We will then enlist our comprehensive database of industry buyers for your sale. Once a potential buyer shows interest, we’ll use our well-honed negotiating skills to make sure you receive the greatest amount possible. The Tenney Group will guide you through the legal issues, taxes, and financing needs that come up in the transaction.
For a full-service transportation brokerage services, The Tenney Group provides unmatched expertise in transportation business concerns, from valuation to business sales.