M&A Business Brokers for Michigan

How To Sell a Business in Michigan

Are you thinking about selling your business in Michigan? If so, you may want to consider Synergy Business Brokers. We sell companies in technology, distribution, healthcare, services, manufacturing, construction, contractors, engineering, transportation, and Education. Hire an experienced business broker to sell your Michigan company.

We offer a confidential consultation if you own a company in one of these industries with a net income of $250,000 to $15 Million. We don’t charge a fee unless we sell your business, so we’ll let you know if we don’t think we can meet your goals. To start the conversation, please fill out our form below, and we will connect you with one of our award-winning business brokers. We look forward to speaking with you.

Buyers for Michigan Companies

Synergy Business Brokers has experience selling Michigan Companies. Our database of potential buyers is filled with people looking to purchase companies in the industries we focus on throughout MI. This includes Detroit, Lansing, Grand Rapids, Troy, Farmington Hills, Lansing, Flint, Dearborn, Warren, Sterling Heights, and Anne Arbor. Detroit and Michigan are rising, and many potential buyers want to participate. Our prospective buyers include companies in the industries we focus on, wealthy investors, and companies wishing to expand into Michigan private equity groups. Established in 2002, we amassed a database of 40,000 potential buyers with whom we are in constant contact regarding our new opportunities. If you hire a local business broker in Michigan that doesn’t have the national and international reach that Synergy has, you could be limiting the number of buyers you have.

Motivation to Sell a Michigan Company

Most of our sellers have built up a profitable business over many years and are now ready to retire. We guide them through the process and maintain their confidentiality. We’ll screen and pre-qualify potential buyers so that we only introduce the best ones to you. We don’t advertise the name of your company. Buyers will sign an NDA before we release the details. This allows you to maintain your focus on running the business and keeping it profitable during the sales process.

Steps To Selling Your MI Businesses

It typically takes 6 – 12 months to sell a company. However, it can take only a few months, a year, or more. That’s why it is important to price it correctly from the start. Leaving some room for negotiation is OK, but you don’t want to price yourself out of the market. As a business brokerage firm for Michigan, we can help guide you through the selling process to sell your business at a compelling price and on an effective timeline.

Reviewing Your Michigan Business’s Financial Information

To give you an idea of a potential selling price, we’ll review your last three years’ tax returns and a current year-to-date profit and loss statement. It’s essential that the buyer can clearly see your income, so we’ll want to identify any perks and benefits that you get from the business to be added to the owner’s cash flow.

Marketing Campaign For Your Michigan Business

Our marketing campaign includes internet ads, social media, email marketing, our network of contacts, and more. Our job is to identify the best candidates to purchase your company. This is typically a company that can leverage what you have to take it to the next level. It is vital to keep an open mind because you’re never sure who will make the best offer. We’ll negotiate the terms with you and form a collaborative relationship to maximize your company’s value.

There are a lot of reasons you should sell your Michigan business. Some say you should sell when the market is good. Other business owners say you shouldn’t sell your business until you’re ready to retire. There are a variety of reasons to sell your business. All of those reasons are personal to you.

Whether you are looking for a life change, ready for retirement, or simply this is the most effective time to sell your business, you should sell your business effectively. Selling your business on your own is unwise. You have invested so much of your life and time into selling your business; make sure you sell it for what it is worth.

You should sell your Michigan business for its full worth. What is the value of a Michigan business? At Synergy Business Brokers, we can help determine the value of your business. This is one of the first steps to effectively selling a Michigan business. Knowing the value and worth can only be determined by a business valuation.

A business valuation is performed on your business and looks at the overall yearly income, assets, expenses, and other factors. Before trying to sell your business, you need to know what you are selling. That is why so many business owners contact us to sell their business. We know how to sell your business effectively to qualified buyers and for the correct worth of your business.

While there is never a perfect time to sell your business, we can help answer questions on whether your company is ready to sell, as well as help you navigate certain items that should be completed before the sale of your business.

Many local Michigan business brokers will only try to sell your business within Michigan. While this can be effective for some companies, we have qualified buyers locally, nationally in the United States, and internationally. When we help you sell your company in Michigan, we will work with you to determine the best buyer, whether a competitor in Michigan or an international company.

Taxes are typically placed on the profits of your business sale. Paying taxes for the sale of your Michigan business should be considered if you are retiring or looking to use your earnings to start a new venture. This can help you plan for the future.

This is one of the common questions business owners ask us. Other questions are: Is it even possible to sell my business? I play such an integral role within my business. Can a qualified buyer be found? We have worked with many companies through their sales process. We have some business owners who remain working at the business they started for an extended time frame.

Some business owners remain part-time employees, helping their legacy grow and develop well into the future. At Synergy Business Brokers, we take a hands-on approach that will help lead to the success of the sale of your business and all parties involved with the purchase of your Michigan company.