How do I prepare a vehicle wrap shop for sale?
Prepare a wrap shop by showing a buyer that it runs without you. Document fleet accounts and how jobs arrive, organize the design-file library, keep and cross-train installers, gather equipment service and lease records, pull together the warranty and reprint history, and decide how to keep the sale quiet from staff and clients.
Buyers of a wrap shop are buying a way of getting jobs done, and they will look hard at how much of it lives only in your head. The more you can put on paper, the easier it is for them to picture taking over. Begin months before you list, because staff habits and customer records take time to tidy. Work through the points below in roughly this order.
Show where the work comes from
Write down your main fleet and dealer accounts, how each one orders, who the contact is and how long you have worked together. Add a plain description of how a job travels from the first call to the finished vehicle. Note which leads come from referrals, repeat customers or online searches. A buyer who can see the pattern will worry less about whether it will continue after you step back.
Organize files, equipment and history
Sort the design-file library so a new owner can find a customer’s past artwork in minutes. Gather service records for printers, cutters and laminators, along with any equipment leases. Keep a simple log of warranties, reprints and customer complaints and how each was settled. Your lawyer can tell you which of these items belong in the sale agreement and how leased equipment is handled.
Make the team and the sale hold together
Buyers will ask about the skilled installers, so think about how to keep them. Cross-train so no job depends on one person, and talk with your lawyer about what you may say to staff and when. Many sellers share the news only once a serious buyer has signed a confidentiality agreement. The same care applies to fleet clients, who may react badly to hearing it secondhand.
If you want a comparison, the seller’s guide for a sign manufacturer covers a related trade, though it deals with different equipment and work.
Related reading
15 pages on the same subject, grouped by topic.
Buying
Brokers
Legal
Selling
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernment7 steps to increase your business’ value—before you sell it
- 02Business Development Bank of CanadaGovernmentUnderstanding the options for selling your business
- 03Business Development Bank of CanadaGovernmentHow to minimize negotiations when selling your business
- 04Business Development Bank of CanadaGovernmentHow to Find the Right Buyer for Your Business
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