Selling a manufacturing business will be the largest transaction most people handle thus the reason you should enlist the help of an experienced manufacturing business broker. Our team at So-Cal Business Brokers is committed to giving you the best representation as you sell your business. We have been in the business for more than 20 years and we know what needs to be done to get specific results. However, even before you hire us, there are a couple important questions you need to ask.
Do you need to pay upfront fees?
There are several manufacturing business brokers that require you to pay an upfront fee. The money is meant to show commitment and also to pay for certain services. The problem is most companies that ask for an upfront fee never deliver results.
At So-Cal Business Brokers we never charge any upfront money. If we determine, after a review, that we can sell your business we will not ask you for any money. Our only compensation is the success fee paid after closing. We don’t charge you for business valuation, market review, packaging or anything else. You only pay us an agreed commission after closing.
How important is it to hire a specialist?
To save money, most business owners hire generalists. These are business brokers who sell any type of business. The problem is that being a Jack of all trade means they are masters of none. The quality of services you get will be lacking. This is not the case when working with us.
At So-Cal Business Brokers we specialize in the sale of manufacturing businesses valued between $500,000 and $10 million. We have also been serving the manufacturing sectors for more than two decades now. Due to our specialization, our business brokers are able to make connections others cannot.
How do you establish an appropriate selling price?
Telling you what you need to hear is not a valid business valuation. A business valuation report must be based on solid data. Our team will perform a thorough business valuation to examine the current market conditions and trading multiples so as to set a good selling price. We know that valuing a business is more than just numbers. We will identify the aspects of your business that make it unique and position your company in a market place to achieve the best results.
These are the most important questions you need to ask before hiring any manufacturing business broker. Reach out to us today to understand why we are the most recommended business brokerage firm in the nation. We offer a free consultation.