The first piece of advice every distribution business broker will give you is to get your facility ready for sale. Having been selling distribution businesses for more than 20 years now, at So-Cal Business Brokers we understand the power of first impressions. How your facility looks has the power to either compel a buyer to make an offer or simply move away.
Curb appeal is not just for the residential real estate. Buyers will want to tour your business premise before making an offer. It is also good to note that curb appeal extends beyond the exterior of your facility. If the inside is messy, buyers may assume that your whole business is in a total mess and not worth investing in. Our experienced distribution business brokers will show you what to focus on when getting your facility ready to sell.
Free from clutter
The number one thing you have to do when getting your business ready for sale is to ensure there is no clutter. Clutter simply radiates the message that your business is disorganized. Buyers may assume that your financials, operations and everything else is in a mess. Prior to getting your business listed, you must first get rid of clutter. Remove everything you don’t use. The idea is to make the facility look as clean as possible.
Meet safety standards
If the facility looks unsafe then buyers will know they have to invest a lot more money to get it up to code. Some buyers may choose not to purchase your unsafe business or use that against you during negotiations. Our distribution business broker will perform a thorough assessment to ensure your business meets all safety standards. We will also give you recommendations on how to increase safety.
Have no damages
Old or damaged facilities are a turn off. That is why we highly recommend that you fix as many flaws that your business has as possible. You don’t want to scare off a potential buyer simply because your roof is leaking, do you?
Equipment must be up-to-date
Last but not least, make sure all the equipment in your facility are in good condition and up-to-date. Obsolete equipment is a turn off. Whenever possible you need to invest in new equipment.
There is a lot more that needs to be done to make a business facility as attractive as possible. Our distribution business brokers have been selling distribution businesses for more than 20 years. We know what buyers will be looking for and will ensure they don’t find things that scare them off. Contact us now to schedule a free consultation.