Do you want to sell distribution business? If yes the first thing you should do is find a reliable business broker to guide you through the sale. At So-Cal Business Brokers we have the most experienced business brokers to help with the sale of a distribution business. We have been selling businesses for more than 20 years now and if your business’ value is above $500,000 we can help you sell it for maximum profit. However, even before we take on your project there are a couple of things we advise you do before you start selling.
Know how much your business is worth
The best tip you can get on how to sell distribution business is to know precisely how much your business is worth. It is by knowing how much your business is worth that you will be able to determine if now is the best time to sell or not. A thorough valuation report will also help with pricing. Our team will help with business valuation and help you set the most accurate selling price; a price that not only attracts competing bids but one that helps you sell for the best possible price. The best thing about working with So-Cal Business Brokers is that you won’t spend money on business valuation, market review and packaging. We only take a success fee which you pay us after closing.
Resolve all litigations and environmental issues
Litigations are major deal breakers. The easiest way to lose a potential client is by having ongoing legal issues. As you get ready to sell distribution business you should work hard to resolve litigations and environment issues.
Know what to include in the sale
Another key thing you need to do is know what to include in the sale. You will need to disclose details on what will be included in the sale before a buyer submits a Letter of Intent or a Term Sheet. The buyer will need information on the following:
- Price and terms
- Assets and liabilities that will be assumed
- Purchase or lease of real estate
- Schedule for due diligence as well as closing
- Employee contracts and/or severance agreements that the buyers will take responsibility for.
- Warranties and contracts that will be assumed
Our team has sold many distribution businesses in more than 20 years we have been in business. We will help you with this list and also help you negotiate terms given by buyers.
Determine what is more important: speed, confidentiality or value
Last but not least, before you sell distribution business you have to determine which of these three things is more important to you: speed, confidentiality or value. You need to pick at least two.
Our job at So-Cal Business Brokers is to help you prepare sufficiently for the sale, help you find the right buyer, negotiate the terms on your behalf and help you close fast and for maximum profit. Take advantage of our free consultation today to learn more about our services.