Business Broker for Manufacturing Companies San Diego – Steps to Take When Selling

Building a business from scratch is not easy. It requires a lot of sacrifices and risks. That is why when it is time to sell, you want to get maximum return for your investment. The best way of achieving this is by hiring a business broker for manufacturing companies San Diego recommends. Next, you need to understand the steps involved in the sale. Here are the key steps.

Speak to a business broker

The first step when getting ready to sell is speaking with a business broker for manufacturing companies San Diego trusts. Reach out to a brokerage firm that has experience selling manufacturing companies. Make sure they have sold a company that is the same size as yours. After gathering information about your business, the business broker will give you advice on selling.

While you may be tempted to sell on your own, keep in mind that without professional guidance there is a chance you will end up making mistakes. The chances of missing something that could keep you from selling for maximum profit are high when selling on your own. With a business broker, he will manage your expectations, help with valuation and account for every factor. A good advisor will also a reliable estimate to negotiate the best selling price.

Find the right buyer

Finding the right buyer is never a walk in the park. Most of the people who come asking about your business will either not have the funds to buy it or they will simply be there to snoop around. A business broker in San Diego will help with blind ads, market to the right people, prescreen buyers and require them to sign NDAs. The broker will keep the sale confidential and move in the right direction.

Transition period

Another important consideration you have to make is how long you plan on sticking around. After the transfer of ownership, most buyers will ask that you stick around to show them the ropes. It is good to determine how long you are comfortable sticking around. Keep in mind that offering to stick around after the sale instills confidence in buyers. It shows you have trust in the success of your business. As a result, a business broker for manufacturing companies in San Diego can use your willingness to stick around as an incentive.

It is important to have a clear organizational plan when selling your business. Training a team to take over your responsibilities before selling will also entice buyers to consider your manufacturing company.

Business Broker for Manufacturing Companies San Diego

What Client’s Say

We Couldn’t Be Happier

"When we thought about selling we had no idea what our business was worth or how to go about selling. What you were able to do was to cut through the fog so that we understood the valuation issue and had a comfort level with the process. As you know we ended up selling for somewhat more than the original valuation and we got all cash and our CPA loved the way our tax liability was minimized. We couldn’t be happier!"

Over $250,000 More

"Our first contact with you shocked us when you suggested that we wait 18 months before selling because you believed that if we hit our projections that the value would be significantly greater. As it turned out we not only followed your advice but also got slightly over $250,000 more than we originally had hoped for. It is seldom that we have had the opportunity to deal with a firm that doesn’t want both money and a commitment NOW. It was clear and obvious that you had our best interests at heart."

You Got the Valuation We Agreed On

"You did a great job on the sale of our business in really beating the bushes for buyers, including a UK company that was an active suitor. You managed to get the valuation that we had all agreed upon and got it substantially all in cash and got the transaction closed with little to no problems or expensive lawyers involved."

Thank You for Handling Our Business

"Our business was smaller than what your firm normally handles but it was a BIG part of our net worth and savings. Thank you for handling our business and we were very pleased and delighted with the results."

More Than Anticipated

"Our transaction was involved as we had different corporate entities located in different states. Our only regret is that we didn’t retain your services before 2012 when we paid $25,000 to a firm in Texas that did a valuation and market analysis for us before then failing to do anything in the way of trying to sell our business. You got it sold for more than anticipated."

Speak to a business broker

Find the right buyer

Transition period

The Sales Process