If you own a company in Illinois with a net income of $250,000 to $15 Million, you have a business many people would like to buy. With Chicago being one of the largest cities in the country, there is a lot of demand for Chicagoland businesses. It’s much easier to establish a presence in the city by acquiring a company as opposed to starting a business from scratch. In addition to Chicago, many buyers are interested in profitable companies in Dupage County, Kane, Will, Lake, McHenry, and Winnebago.
Confidentiality is usually a concern for our clients. They don’t want customers, employees, competitors, and suppliers to know about the sale of a company. It is better to tell people after the deal is done so there is no uncertainty during the sales process. We don’t advertise the name of your business or specific location and require potential buyers to sign a Confidentiality Agreement before providing the details. Our comprehensive marketing program is designed to get you maximum exposure while maintaining confidentiality. It combines internet advertising, social media, email marketing, and our network of contacts. You can read more about us and how we combine the best of an M&A firm and Business Brokerage.
You want to position your company for maximum value. We’ll find out more about your company so that we can bring out the positives while positioning the weaknesses as growth opportunities for a new owner. Many factors go into the value of a company. Maximizing the value involves getting as many qualified interested buyers as possible. This provides leverage in negotiating the best price and terms. You don’t want to leave money on the table, but at the same time, you don’t want to price yourself out of the market. We’ll provide experienced guidance on pricing and terms.
The length of time it takes to sell an IL company varies. The ratio of your price to net income is a factor, and some industries are in higher demand than others. As long as your profit and industry are areas we focus on, we have potential buyers for all the industries we serve. We usually need to speak with many potential buyers to get one that is really interested and qualified enough to introduce to you. We typically introduce a qualified buyer to you within 1-8 weeks. It usually takes 1-6 buyers that we introduce in order to sell a business. The process usually takes 6 to 12 months, but we have sold a number of companies in a couple of months. We recommend beginning the process of selling your company before you are ready to retire because you also need to figure out how to provide a transition period to the buyer. We’ll provide guidance on all aspects of the sales process.
Contact our Illinois Business BrokerIf you are considering selling your business, please call John Meyers at (847) 533-7115, email him at jmeyers@synergybb.com, or fill out our form online to contact us. We look forward to having a confidential discussion with you to understand your goals and discuss how we can help you meet them.