When it is time to sell a manufacturing business the best thing you can do is hire an experienced manufacturing business broker. At So-Cal Business Brokers we believe we have the team you need for this. We have been selling manufacturing business for more than 20 years now. We know what it takes to sell a business fast and for maximum profit. Give us a call now to learn more.
Your manufacturing business brokers will come in handy when getting ready for due diligence and more so when it comes to gather, cleaning and presenting the required documents. This is an area we excel in at So-Cal Business Brokers. In our experience selling manufacturing businesses, here are the key documents we have found buyers never want to proceed without.
The best way to determine if a business is worth buying is by looking at your financial records. This is an area we have found buyers focus on the most. When you bring us onboard, we will help you prepare the following financial records with your ideal buyer in mind.
- Profit and loss statements
These are documents that show the net profit that your business has left after all the expenses have been deducted. Buyers will want to see profit and loss statements for the last 24 to 36 months.
- Current balance sheet
You need an itemized statement with a list of your total business assets as well as total liabilities. This shows the net worth of your business at the time of sale.
- Cash deposit records
You need to provide evidence of all your business’ payments and receipts. This should include all payments made by cash, credit card or cheque.
- Bank loans and lines of credit
Our manufacturing business broker will help you prove to buyers that financial institutions have extended lending lines to your manufacturing business.
- Forecasted financial information as well as business plans
- Information on the business’ automated financial systems
- Outgoing costs breakdown
Buyers want to make sure that your business will not nosedive once they take ownership. That is why one of our biggest roles we play as your manufacturing business broker is to prove to buyers that your business has solid operations. We do this by providing the following things about your manufacturing business:
- Utility accounts
- Supplier accounts
- Insurance details
- Stock inventory list
- Business history
- Asset history
- Audit work paper files
Buyers will also want to make sure that your business is legal. The documents they will need include the following:
- Client contracts as well as trading agreements
- Employee contracts and agreements
- Franchise agreements
- Work health and safety guidelines
A lot will be required in due diligence. Our team will ensure that you do everything by the book and win the trust of a buyer. We are committed to helping you sell fast and for the right price. Contact us now to take advantage of our free consultation with our manufacturing business brokers.