It takes an extensive amount of time, money, effort and sacrifice to sell manufacturing business. This is why it is always a great idea to involve an experienced business broker to help. Our team at So-Cal Business Brokers will take over the sale of your business so that you can focus on the core operations. We have been selling manufacturing businesses for more than two decades and we know exactly what needs to be done to achieve the best results. Give us a call now to learn more.
In our experience selling manufacturing businesses, there are two very important things you have to do before you list your business for sale: clean up your books and determine the value of your business. Our business brokers will help with both of these things as you sell manufacturing business.
Clean up your books
The first thing you need to understand about working with prospective buyers is that they will want as much objective transparency as possible. Your business books will be the main source of objective transparency. In our experience, prospective buyers will want to see three years’ worth of the following documents:
- Bank statements
- Profit and loss statements
- Tax returns
- Balance sheets supplier and vendor contracts
- Customer data
Don’t be surprised if a diligent buyer asks for five years’ worth of this information. Our job at So-Cal Business Brokers is to make sure that these documents are ready, organized and presented in a way that doesn’t scare buyers away. We will help you avoid potential problems by drafting clean, verifiable financial statements. Contact us now to learn more.
Determine the value of your business
The second most important thing you need to do is determine the value of your manufacturing business. This is so important because you will not be able to set a selling price if you don’t know how much your business is really worth. In our experience, the value of a business depends on its specific industry and size. The cash flow that a business determines the multiple. As you get ready to sell manufacturing business our team will perform a thorough business valuation to help know exactly how much your business is worth and the best selling price.
The best thing about working with us is that we don’t charge for business valuation, market research, packaging and a range of other things. Our only compensation is the success fee which is paid after closing.
We encourage you to contact us today using the form on the right and let us discuss your options as you sell manufacturing business. We are always happy to hear from you and offer any assistance you may need. We even offer a free consultation.