When you are ready to sell manufacturing business the first professional you need to bring onboard is a business broker. So-Cal Business Brokers has some of the most qualified business brokers you can get your hands on in the nation. The team has been selling manufacturing businesses for more than 20 years and knows exactly what needs to be done not just to sell fast but also get the best results. When you bring us onboard, here are the key things we recommend you do in order to sell fast.
Determine a realistic selling price
It is easy to assume that your business is invaluable. The truth is for you to sell manufacturing business you have to set a realistic selling price. Doing this requires that you first perform a business valuation. Our business brokers will help with this. We will also do market research for you so as to set the most realistic price range for your business. Contact us today to learn how we base the price on the value of your business.
Understand tax consequences
Even as you celebrate the true worth of your business you have account for the tax consequences. Taxes can take a huge portion of your money after you sell. Knowing how big the tax bite will be can help you be mentally prepared and also find ways to lower it. Our business broker will inform you of the factors that will determine how much tax you will end up paying and share tips on how to reduce the tax bite.
Get your business in shape
Just because your business is doing very well does not mean you sell it as it is. To make maximum profit as you sell manufacturing business it is imperative that you make it look good. In addition to sprucing your premises up you have to get your numbers in shape. Recasting tax return numbers for the prospective buyers will also come in handy. Our team will help with this.
Marketing your business far and wide will help get competing bids. The problem, however, is that not every buyer you find will be serious about purchasing your business. That is why you need to prequalify them. Our business brokers will help with this. We not only make sure the buyer’s interests align with yours but also ensure the buyer has the financial means to purchase your business.
Our job is to smooth the sale process. When you bring us onboard to sell manufacturing business we will manage your expectations, draft relevant agreements, negotiate the best deal, plan closing and ensure you close at maximum profit. Contact us now and take advantage of our free, no-obligation consultation.