Everyday we find ourselves posed with questions, tasked with making decisions that, for the most part are irrelevant. “Would you like fries with that?”. “Should I purchase that new 4K television or wait until it goes on sale?” “When do you think you’re going to cut the grass?” “Would you like to donate to the Volunteer Fire Department?” Basic questions, nothing that’s going to have an overall impact on your life….except maybe that lawn mowing one—after all the Mrs. does have a point. But back to the subject at hand, that is small decisions versus long-term decisions.
When it comes to selling your propane company, Dan and I always take the time to ask the really important questions. To us, it’s not about how many locations does your propane company have or how much inventory will go along with the acquisition. Of course that information, along with dozens of other facts certainly do have their place in a propane acquisition, but it’s far from the most important criteria we ask our potential sellers.
Nope, the most important question we ask every propane business owner—and you should be asking this of yourself—is “Why am I selling my propane company?”
Honestly, there seems to be as many answers to this question as there are propane companies for sale. We’ve worked with propane business owners who simply wanted to retire from the industry with the knowledge that their company would be left in good hands. We’ve worked on mutually beneficial arrangements where the owner of a propane company wanted to stay on board, but needed help with operations and capital. There’s been several instances where a family run propane business has partnered with ThompsonGas with the understanding that the principal will gracefully exit after a predetermined time, confident that their customers, employees and legacy would remain intact.
Regardless of your reason for wanting to sell your propane company, we will be happy to speak with you about your options. If you like, we will even introduce you to some of our past propane acquisition clients—they’re always happy to share their success stories with potential propane acquisition customers.
We’re here to help you through the entire propane acquisition process—before, during and after the deal. ThompsonGas has always believed in nurturing ongoing relationships, and we look forward to helping you when the time comes to sell your propane company.