If you are ready to sell manufacturing business, the first thing you need to do is make sure it is sufficiently ready for sale. An experienced business broker can help with that. Our team at So-Cal Business Brokers is happy to perform a thorough business valuation to determine if selling now is the right move and how much you stand to get from the deal. In addition to that, we will help you find the right buyer and close at the best price. All in all, even as we help you sell, it is your job to get your business ready for sale. Here are the top things we recommend you do.
Know your exact financial position
If you don’t know exactly how much your business is worth you will not be able to get the best price for it. That is why the first thing you ought to do when getting set to sell manufacturing business is to determine your business’ financial position. Our team will be happy to help with this. We have sold many manufacturing businesses that are similar to yours. The best thing is that we never charge you for our thorough business valuation services. We are also happy to help with pricing and helping you identify opportunities that can help boost the overall value of your manufacturing business. Call us to find out more.
Keep records up to date
The worst mistake you can ever make as you sell manufacturing business is that of getting your business listed without first getting your records in order. Regardless of your reason for selling, buyers will always want to take a look at your records. They want to be sure that your finances are in order and that your process and systems have been documented properly. Keeping the records in order will smooth the sale process and give you the chance of winning over the trust of potential buyers.
For starters, you need to make sure that all your agreements with suppliers and distributors are in order and can be transferred to the new owner. Your lease agreements should also be transferrable. Second, you need to draft proper agreements for the sale. Our business brokers will help draft foolproof confidentiality agreements that help keep the sale a secret. We will also help you understand your legal position before you exit.
Our primary duty at So-Cal Business Brokers is to make sure that you don’t make mistakes that may keep you from selling your business. We are here to guarantee that you sell manufacturing business fast, to the right buyer and for the best price. Schedule a free consultation with our experienced business brokers today.