If you are ready to sell your business, hiring an experienced manufacturing business broker is just the first thing you need to do. Second, you have to provide prospective buyers with clear, objective facts that convince them your business is a profitable investment. Thanks to our more than 20 years of experience selling businesses like yours, our team at So-Cal Business Brokers will give you the reliable support you need to close the deal fast and for the right price. One area we focus on the most when getting ready to sell your business is your business records.
Importance of getting records in order
We understand that your business records are the ones that win over a potential buyer or scare them away. This is why we work closely with you to provide comprehensive, organized documentation as well as solid bookkeeping that demonstrates the historical performance of your manufacturing business. Our manufacturing business brokers know what buyers will be looking for in a business like yours and we will organize the records in a way that wins those buyers over.
An important point you need to understand is that preparing solid financials ahead of time is the key to determining a fair asking price while giving you the chance to identify gaps and shortcomings. Our business broker will work with you to prepare financial statements which will help achieve an accurate assessment of your manufacturing business. You need at least two years of your business’ financial statements.
The best thing about working with So-Cal Business Brokers is that you never have to seek help from independent CPAs. We have brought together the best team in the industry to ensure you get all the services you need under one roof. What is more is that we will not charge you for business valuation, market review and packaging. Our sole compensation is the success fee you pay us after closing.
Required documents
When getting ready to sell your business, our manufacturing business brokers will request that you compile the following documents:
- Current balance sheet
- Profit and loss statements for the last 2 to 3 years
- Business tax returns for the las 2 to 3 years
- Insurance policies
- Note for any seller financing
- Offer to purchase agreements
- Employment agreements
- Distributor and supplier contracts
- Professional certificates
- Detailed profile describing your business
- Executive summary of the business
- non-disclosure / confidentiality agreements. Our business broker will help prepare these.
- Copy of your current lease
- Detailed profile describing your business
The above list is incomplete. The list of documents needed vary from one type of business to the next. Give us a call today and let’s discuss how we can help sell your manufacturing business fast and for the right price. We are always happy to hear from you.