New England Business Brokers for Rhode Island
Sell your Company in Rhode Island
If you have a business in Rhode Island that you are considering selling, Synergy Business Brokers sells RI businesses in manufacturing, technology, distribution, healthcare, services, transportation, and construction. We sell businesses with an owner's net income of $200,000 to $5 Million. If you have this type of business, we offer a confidential consultation. To get started, please fill out our seller registration form, and an M&A Business Broker will contact you.
M&A Brokers & Potential Buyers throughout New England
Many of our potential buyers have companies located in Massachusetts and Connecticut in the industries that we serve. They want to expand their locations to include Rhode Island in either Providence, Cranston, Warwick, Kent County, Washington, or Newport. Our M&A Brokers are located throughout the Northeast and can meet with you to discuss the details of your business and how we can help sell your RI Business. The first step is to find out more about your business, including your products or services, customers, employees, and competitors. This will help us to position your business for sale. But don't' worry, we won't advertise the name of your business or exact location. We understand its important to keep the sale of the transaction confidential. We'll design a marketing document that brings out the strengths of your business and will require potential buyers to sign a confidentiality agreement before releasing the details.
The process of Selling a Rhode Island Business
We will usually have to speak with many potential buyers before we have one that is both qualified and serious about potentially buying your business. When we do, we'll set up a meeting or phone call with you to answer some questions about the company. The potential buyer will already have reviewed some written material on your business that we have provided to them after signing an NDA. Each buyer has specific questions that are important to them, and they also want to hear directly from the owner. It's also an opportunity for you to see if this buyer is someone that you feel comfortable in taking over your business.
Once the buyer has met with you and gotten their questions answered, then we'll find out if they are serious enough to make an offer on your business. Our goal is always to get multiple offers. This creates leverage to get you the best price and terms for your business. We'll help you evaluate the proposals. It's not only about the most significant price. There may be different terms in the deal, such as how much is paid out at the closing and how much is paid over time. You also want to see what the contingencies are in the offer. We'll help to evaluate whether the buyer will be able to obtain financing or if they don't need funding. You want someone who is going to be able to close on their offer and not waste everyone's time.
It's essential to have your business information in a form that is easy for the buyer and banks to understand. We'll assist with the process of helping to identify what your true owner's income is, including your perks and benefits. Most tax returns are designed to minimize taxes and not show the most profit, so we want to be transparent about what expenses are an owner's benefit.
No Fee until your Rhode Island Company is sold
We are selective in taking on Rhode Island businesses, which we feel that we can sell. Since we only get paid if we sell a business. This ensures that our goals are aligned, and we're working together to maximize your price and close the deal.