FREE VIRTUAL SEMINAR
7-Mistakes That Cause
Transportation Company Failure
Learn the most common mistakes we've seen after reviewing the financials of over 250 transportation companies . . . and how to avoid these common pitfalls.
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FREE VIRTUAL SEMINAR
7-Mistakes That Cause
Transportation Company Failure
Learn the most common mistakes we've seen after reviewing the financials of over 250 transportation companies . . . and how to avoid these common pitfalls.
WHAT YOU'LL LEARN:
THE 7 MISTAKES THAT KILL TRANSPORTATION COMPANY SUCCESS
SECRET # 1:
HOW TO AVOID FINANCIAL CALAMITY
SECRET # 2:
HOW TO TAKE HOME MORE OWNER INCOME
SECRET # 3:
THE SIGNS YOUR BUSINESS MAY BE IN TROUBLE
SECRET # 4:
STRATEGIES TO TURN CRISIS INTO CASH
READ THIS BEFORE GOING ANY FURTHER
A NOTE FROM KENNETH LUCCI
When my business partner Cole Weber and I founded Driving Transactions in 2018, we started out helping owners of transportation companies address financial and operational issues in their companies in preparation for selling the business.
What began as a part-time venture soon exploded into a company that offered a suite of services ranging from strategic consulting to financial analysis and Mergers & Acquisition Services representing sellers or performing due diligence for buyers and banks. Along the way we became certified to perform business and fleet valuations and to date we have financially reviewed and analyzed over 250 transportation businesses ranging in size form $1M to $150M a year in annual revenue.
We have analyzed revenue KPI’s for companies with fleets from 5 to 500 vehicles, from one office to ten branches. We have created over 100 business and fleet valuations and facilitated the sale of 30+ companies representing sellers including four of the largest acquisitions in the industry that used an outside M&A Firm. We also compiled more financial metrics, revenue KPI’s and performance trends than anyone else and have been privy to most major financial transactions and acquisitions working with sellers and dealing with buyers and banks.
This seminar is a tutorial guide of how to avoid financial calamity and ultimately business failure in the transportation industry. A “What NOT to do” if you will. These are some of the bad and common traits we encounter every day when operators come to us to either sell or help financially fix their businesses.
These 7 mistakes are common threads of failure that we observe, continuously in the passenger
transportation industry and the main reason why most businesses in this sector have virtually no value
at the time of sale with the exception of the trade in value of their fleet vehicles.
We want to help you avoid these common mistakes so that you're able to take home more owner income and ultimately build the value of your business.
-Kenneth Lucci
CEO of Driving Transactions
REGISTER FOR FREE BELOW!
ABOUT KENNETH LUCCI
Ken Lucci has quickly becoming the “GO TO GUY” in the Passenger Transportation business for M&A Services, financial analysis, business valuations, and consulting. His clients include banks, global networks, and regional transportation companies.
Ken has a 40-year proven track record of starting, growing, buying, and selling companies, as well as consulting in four industries: security, life safety, transportation, and hospitality.
He has provided consulting services for major brands in sports and business, including The New York Yankees and communications giant AT&T.
A serial entrepreneur with a no-nonsense “Straight Talk” communications style, he is someone who studies problems, finds innovative solutions, and creates true success stories. He has built four businesses and purchased three companies in four industries.
After retiring aged 41 having grown and sold multiple businesses, Ken entered the chauffeured transportation industry on a whim, launching a chauffeured service on the west coast of Florida. It caught on fast and grew rapidly. Within just five years, Ambassador Limousine was nationally ranked among the largest in the industry with $5 million in annual revenue and among the 50 largest luxury fleets in the country (LCT Magazine).
Ken is a graduate of the Ritz Carlton Executive Leadership Center and is certified in Sage Business Valuation Software.
Today his focus is solely strategic consulting and M&A Advisory in the passenger transportation and hospitality industries.
