How Do I Sell My Services Business?
If you want to sell your service business, you may be wondering how to choose the right business broker that has experience selling service businesses. You may be concerned about protecting your confidentiality while selling your service business.
Synergy Business Brokers has been selling service businesses confidentially for over 16 years. We specialize in selling service businesses with annual revenues between $700,000 to $40Million. We have sold a wide variety of services businesses including companies that provide environmental services, consulting, Digital Marketing, Engineering, IT Services, Contractors, Healthcare, Staffing, Land Surveying, Construction, Educational Services, Landscaping, Storage, Managed Services, and much more.
Step One – Get the Proper Valuation
Your services business could be worth a lot, and your assets and liabilities do not tell the main story. There’s your cash flow, the number of employees, how skilled they are and how much work they bring in, the types of clients that you have and more.
Many factors go into pricing a professional services business for sale. We will find out more about your business and review your financial information to provide you with a recommended price. There is no fee for our services until your company is sold. Without an experienced Business Broker who can fully assess the worth of your business and give you a reliable estimate, you may be leaving money on the negotiating table when it comes time to price your business. You can read more about the factors that go into valuing a service business.
You can get great value from selling a Service business, and you don’t want to make a mistake by selling your companies value short. Here are some ways to avoid the pitfalls and get great value for your Service business.
Step Two – Hire the right Business Broker
You want someone that has experience selling Professional Services businesses and has a pool of Potential Buyers to draw from for a wide variety of service businesses. Unlike most business brokers we don't sell retail companies, so our main focus is to sell your service business in a timely fashion for the best possible price. Our experience in selling B2B and B2C service businesses provides us with the right background to effectively position your company for sale and make sure it attracts the right buyers. In addition, our experience allows us to speak the language of niche service industries. To read more, you can view our article on choosing the right business broker to sell your service business.
Step Three – Working with your Business Broker
We will work with you to develop a marketing document that will attract potential buyers without giving away the identity of your business until a prospective buyer has signed a confidentiality agreement and provided information on their qualifications to buy your business. Then we will guide you through the process as we introduce potential buyers, negotiate offers, and close the deal. You can read more about selling your service business quickly.
Contact us to Sell your Services Business
If you’re ready to sell your Professional Services firm and need a business broker with experience in your corner, Synergy Business Brokers can help. For over 16 years, we have been helping businesses throughout the Northeast, the South, Midwest, and beyond. If your company has annual revenues between $700,000 and $40 million and you’d like to find out more, all you have to do is contact us.
You can email Synergy Business brokers at [email protected], call us at 888-750-5950 or fill out our contact form right now and we’ll be in touch ASAP to set up your private brokerage consultation. We have many years of experience in handling mergers & acquisitions for Service companies.