When you come to us the first question we will ask is why you want to sell manufacturing business. We do this to ensure you are not just making impulse decisions and that you are selling for the right reasons. Buyers also want to know what they are getting themselves into. Our team at So-Cal Business Brokers will help you know if your reason for selling is good enough. Our job is to help you pick a reason that will not cause you to lose the interest of buyers. Here are the main reasons why business owners choose to sell their manufacturing businesses.
This is the most common reason we get from business owners who want to sell manufacturing business. There comes a time when the business owner no longer enjoys running the business and simply wants to move on. Most of the clients we work with cite this as their reason. All in all, we have often found that the lessened enjoyment in running the business is tied to declining revenues. Recovering from the low morale and lack of motivation is usually hard to overcome. That is why we recommend selling before the business takes an even bigger blow due to your lack of motivation running it.
Just like the burnout excuse, the new opportunity reason often masks other reasons since it sounds better than the actual reason for selling. Our team will get to the root of things to ensure you have a good reason for selling. If a new opportunity is actually your reason for selling, we will need to demonstrate this to the buyers in a way that doesn’t cause you to lose their interest.
Economic downturn and high jobless rate can cause the revenues of a manufacturing business to decline. These things are out of your control. If you want to sell before you hit a record low our experienced business brokers can help sell fast, to the right buyer and for the best price.
Negative industry changes
Certain industry changes may negatively affect your business. While it is important to disclose everything about impending marketing changes to the buyers, there are certain buyers who will still be interested in your manufacturing business irrespective of the future of the industry. Our team can help find these buyers and sell for maximum profit.
Other reasons business owners cite include partner disputes, financial reasons, and lifestyle changes. Give us a call today and let our experienced team help you know if your reason for selling holds water. We offer a free, no-obligation consultation.