Knowing when and how to sell your phone system business can be a significant pain. How much is my business worth? What kind of buyer am I looking for? How do I properly market my company? Enlist Synergy Business Brokers today to help you with all of your brokering needs. We can help minimize stress while producing results.
Synergy has been around for over 20 years, so our brokers have seen it all. Having previously sold a variety of telecom companies, we can anticipate problems before they even cross your desk. Our team can draw up a comprehensive marketing strategy that will give you the best odds of success. To get started, we first need to learn a little bit more about your company and what drives you toward selling. Maybe you want to retire or try your hand in a new venture. Whatever the case may be, our team is here to help. We offer free, confidential consultations to all qualified potential sellers. To qualify, your phone system company must produce at least $250,000 in net profit (this is made up of the owner’s salary and benefits). To accurately price your business, we need to examine the last three years’ tax returns and the year to date. This paints a picture for our brokers and lets us know the company’s trajectory. We also take the intangibles into account. This might include a trusted team, recurring accounts, a high-traffic website, an office space, or anything else a buyer may find attractive. To learn more about the process, visit our Valuing your company page.
We create confidential information memorandum (otherwise known as CIM) that can give a potential buyer an overview of what makes your phone system company so attractive. We have buyers for a lot of different types of phone system companies, including:
The marketing process is strategic and takes know-how and patience to execute correctly. We know that you don’t want your sensitive information falling into the wrong hands but don’t worry; our brokers carefully screen these prospects and have them sign NDAs before giving them the information.
Once they receive and review the information, we can set up a meeting to address any of their concerns and test the chemistry between you and the potential buyer. The entire process can take anywhere from 6-12 months, as there is a lot of variability from business to business. If you are considering selling your phone business now, don’t wait too long. We find that the longer you wait, the more complex and stressful it is to sell your telephone systems installation company.
Please call 888-750-5950 or use our online Seller contact form for a confidential consultation. We look forward to speaking with you.