As professional manufacturer business brokers, we provide a confidential consultation to start the process of selling your business. We will get a better understanding of your manufacturing company during this consultation. You will get a better understanding of our brokerage process and services as well.
We will need your business’s financial records and history. Make sure you have your tax information for the past few years. This information will be used to help determine the value of your manufacturing company.
You can’t get the best price for your business if you don’t know the value of your contract manufacturing business. Factors that may influence the value of your business include:
- How much money your business makes?
- The customers and industries you serve.
- How much your company pays in taxes?
- The total value of your inventory and equipment.
You can make a rough calculation of what your business is worth by yourself, but if you’re looking to maximize sale value, get a professional Business Broker to provide an honest, unbiased assessment of your manufacturing company’s worth.
Many businesses in the manufacturing sector also do their own distribution. We’ll find out more about your business, including whether you have an extensive network of distributors or you own a manufacturing and distribution company. In either case, companies in the manufacturing industry are in demand. We can also prequalify your business for financing so that we know how much money banks are willing to lend a buyer to purchase your business.
Synergy Business Brokers will market the sale of your contract manufacturing business. We have a database of more than 40,000 potential buyers. Our work is in matching up the right potential buyers for each client. We’ll look for potential buyers that can leverage your unique products and position in the marketplace to grow your company profitably. This could be another manufacturing company, a private equity firm, wealthy entrepreneurs, or public or private companies outside the industry that want to diversify.
Before you even meet the potential buyers, we work with them to determine who is qualified to purchase your manufacturing company. We have an internal multi-step process for weeding out buyers who are not qualified and buyers who would not be a good match for your company. All of this is done confidentially, and the potential buyers sign a non-disclosure agreement.
Once we determine the best potential buyers for your business, we set up meetings between you and the potential buyers. You can discuss your business with these potential buyers, and the offer and negotiation process begins.
This stage in the process can happen in one step or multiple. Typically, multiple offers are proposed from qualified buyers. Next, you or the business broker negotiates the sale of your business. Most times, business brokers will be mediators in the negotiation process.
The final closing takes place when payment is made, and you successfully sell your business in the manufacturing industry. There may be a transition period that is determined during the negotiation of the sale of your business.
This is a simplified sales process above. Please review our full steps to selling a business.