If you have a business in Tennessee that you are considering selling, Synergy Business Brokers sells TN companies in technology, healthcare, manufacturing, construction, distribution, services, and transportation. We sell Tennessee companies with a net income of $250,000 to $15 Million, and if your business falls within that range, we offer a confidential consultation at no charge to you.
We have buyers looking for profitable businesses in the industries that we serve throughout Tennessee, including Nashville, Memphis, Knoxville, Chattanooga, Clarksville, and Murfreesboro. With most of the companies we sell, the owner has worked in the business for many years and is now ready to retire. We assist the business owner in finding the right buyer and negotiate terms that will satisfy both parties. We allow you to focus on running the business while our team implements a marketing strategy that will build interest in your company.
It’s essential to maintain confidentiality during the sales process so that we won’t advertise the name of your business or its exact location. We’ll require potential buyers to sign a Non-Disclosure Agreement and give us their qualifications before releasing information to them. We’ll develop a write-up about your business that positions it to attract the right buyers. You want to maximize your strengths and position the weaknesses as growth opportunities for a new buyer to improve the business.
Financial Information
It’s important to have clear financial information. We’ll assist with this process and help identify the true owner’s net income and cash flow, including your salary, perks, and benefits. Once we have your financials, we can provide you with a potential asking price. You want to maximize your price but also be realistic. With over 15 years of experience working with buyers and sellers, we can tell you what similar businesses sell for. Usually, we recommend leaving some room for negotiation in the asking price, but we’ve also sold plenty of businesses for the full asking price. Having multiple buyers helps increase your negotiating leverage.
We have a database of over 38,000 potential buyers and narrow down the right ones for your business. It’s a process that unfolds over time. Generally, we can introduce a qualified buyer to you within 1-8 weeks. It’s usually 1-6 buyers that we introduce in order to close a deal. On average, it takes 6 to 12 months to sell a business. But we have sold a number of businesses in a couple of months if all goes quickly.
We are selective in taking on TN businesses that we feel comfortable that we can sell. Because we only get paid if we sell the business. This ensures that our goals are aligned and that we’re working together to maximize your price and get the deal done. Usually, you will stay on after the sale and provide a transition, so it’s important you get along with the buyer. We look for buyers who are easy to work with as well as financially qualified. We can help:
During our confidential consultation, we’ll find out more about your business and discuss your goals. We’ll let you know if we are a good fit to help you meet them. To get started, please fill out our form online to contact us, email info@synergbb.com, or call (888)-778-1965.