When it is time to sell manufacturing business the first thing you need to do is find a dependable business broker to help you through the sale. The broker you hire must have lots of experience selling businesses like yours, offer favorable commission rates and also have a diverse network. At So-Cal Business Brokers we bring this and more. Our team has been selling businesses for more than two decades. We know what it takes to sell a manufacturing business for the best possible price and how to navigate pitfalls. Give us a call today to learn how we can be of service.
In addition to hiring the right team to represent you, you need to ask yourself a couple of questions. The following questions will help you determine if you should sell manufacturing business now or wait a little longer.
Is the business ready to sell?
Regardless of the shape your manufacturing business is in you will always wonder if it is ready to sell or not. Our business brokers can help with this. The first thing we make sure of is that your business is doing really well. This is for the simple fact that buyers will always consider your financial records for the last three years. They will also want to make sure that your business’ growth is not stagnating or failing. Second we will perform a business valuation to determine the actual value of your business. Does the selling price match up with your exit strategy? If the answer is yes then you can go ahead and sell.
Can the current market facilitate the sale?
Timing is everything when selling a business. When you want to sell manufacturing business you have to make sure that the market can facilitate the sale. Our job at So-Cal Business Brokers is to perform market research on your behalf. We check to see if the prevailing factors allow the sale of your business. Common indications that now is a good time to sell include:
- High number of comparable businesses in the industry are selling
- There is an upward trend in the sales prices
- The taxes are relatively low
- Interest rates are lower than in past years
- There is affordable debt financing
- There is an increase in the number of strategic acquisition
At So-Cal Business Brokers we are involved in the sale of businesses on a daily basis. We are in the best position to evaluate the market on your behalf.
Are you personally prepared to sell?
Last but not least you have to make sure that you are really ready to sell. Will selling the business give you the finances you need to advance to the next stage of life? Is your reason for selling a great one? We will evaluate all this when you contact us.
Our mission is to help you sell your business fast and for the right price. We are very good at this. We encourage you to contact us today to learn more and take advantage of our free consultation before you sell manufacturing business.