Hiring a manufacturing business broker is the first thing you need to do if you wish to sell your business fast. This is because the broker has lots of experience selling businesses and will be able to navigate obstacles better than you. Our team at So-Cal Business Brokers has been selling manufacturing businesses for more than two years. We know what needs to be done to sell fast and to command the best possible price. In our experience, we have found that there are three main things that determine how fast you sell.
To achieve a prompt sale it is imperative that you price your business in accordance with the market. Getting the business valuation wrong will lead to poor pricing which will in turn make it harder for you to sell. At So-Cal Business Brokers we offer a free business valuation. Our manufacturing business brokers will thoroughly evaluate and analyze your business to determine its value as well as set the right selling price. We know what matters the most to buyers and will thus be able to set the best selling price.
Prepare documents and financials early
Prospective buyers will always request for your key documents before they get into any form of agreement with you. Poorly organized documents will put off potential buyers. The first thing we will do when you hire us is make a list of all the documents that will be required and ensure they are in perfect order. We will then present them to potential buyers in a way that wins them over. In our experience selling manufacturing businesses, buyers will want to see the following in the due diligence stage:
- 3 years of accounts which include balance sheets and profit and loss
- Inventory lists
- Tax returns
- Supplier and customer contracts
As we help you prepare these documents we will help you identify your business’ weaknesses and help prepare the right answers so that you don’t end up scaring off a buyer. Give us a call now to learn more.
Present the business in the best light
The third most important thing you have to do to sell your manufacturing business fast is to present it in the best possible light. Our manufacturing business broker will help you work on presenting the business in the best light. Some important things we recommend you do include:
- Take professional photos of your business to show potential buyers
- Cut out any operating non-essential costs
- Settle legal issues
- Improve the curb appeal of your premise
Our team at So-Cal Business Brokers wants to help you sell your manufacturing business fast and for the best price. Contact us today for a free consultation with our experienced manufacturing business brokers.