How do I prepare a portable toilet rental business for sale?
Prepare a portable toilet rental business for sale by putting the operation on paper: an inventory of units by type and condition, truck maintenance records, written routes and schedules, customer contracts in the company’s name, the disposal arrangement and who holds it, and a clear account of what you do yourself.
Buyers of a portable toilet company are buying a working system of units, trucks, routes and customers. The easier it is to see that system on paper, the easier it is for them to trust it. Start well before you list. Much of the work is gathering what you already know in your head, and a few items can take weeks to sort out.
Count and describe the units
Make an inventory of every unit by type: standard, accessible, hand-wash, special event. Note the age and condition of each, and how many are out on rent at different times of year. Repair or retire units that are in poor shape. A clear inventory helps buyers see what they are getting.
Trucks, routes and schedules
Gather maintenance records for every truck, and note which ones are close to replacement. Write down your routes, your service schedules and how many stops a driver handles in a day. If this knowledge lives only with you or one driver, the buyer will worry about what happens when you leave. Writing it down is the fix.
Contracts and the disposal arrangement
Check that customer contracts are in the company’s name, not yours personally, and see what they say about transfer. Note where you unload waste, who holds that arrangement and whether it can pass to a buyer. Ask your lawyer to confirm which permits, if any, apply to moving and handling waste, and whether they transfer with the business.
Document what you do yourself
List the jobs you do personally: quoting, driving, handling key customers, dealing with the disposal site. A buyer will want to know which ones they must take on or replace. Our page on preparing an equipment rental business for sale covers the wider checklist.
Related reading
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Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to Find the Right Buyer for Your Business
- 02Business Development Bank of CanadaGovernmentHow to minimize negotiations when selling your business
- 03Business Development Bank of CanadaGovernmentAdvice for succession planning - Articles and tools
- 04Business Development Bank of CanadaGovernmentWhat are financial statements?
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