How Do I Sell My Tool and Die Business?
If you are wondering how to sell your tool and die business we can offer some tips. Synergy Business Brokers has experience selling tool and die manufacturing companies. You probably have questions such as how long does it take to sell a tool and die business. How much can I sell my tool and die company for?
Free Confidential Consultation
We offer a confidential consultation where we will learn more about your business. We'll ask things such as what types of products you manufacture. Who do you sell them to? What is your role in the company and what are the skills and experience of your employees. Next, we'll review your financial information. We sell companies with annual net income of $200,000 to $5 Million so hopefully, your company falls within our range.
Once we have this information we can provide you with a potential selling price. You can let us know if this is something that is acceptable to you and if so we can proceed with a marketing plan.
Niche Manufacturing Companies are Thriving
The press has talked about manufacturing in this country dying but we have not found this to be the case for specialized manufacturing companies such as tool and die businesses. In fact, some of our largest sales have been manufacturing companies. We find that there is a lot of interest in acquiring them. The potential buyers range from other manufacturing companies to wealthy family investment firms, successful entrepreneurs, and companies outside the manufacturing industry such as distributors and other companies that can benefit from synergies between the merging of two companies.
Our job is not so much finding potential buyers as it is finding the right potential buyers. We have a qualification process so that we will get information on the potential buyers including their financial qualifications and background before providing them information about your firm. We'll also have them sign a Non-Disclosure Agreement to keep the sale of your business confidential.
The first step in our marketing plan is to write up an overview document which doesn't have your name or location but has general information about your business. We will advertise that on a number of different websites. We use artificial intelligence, social media, and email marketing to generate as many qualified potential buyers as possible.
Once we have a qualified buyer that is interested and signed an NDA, we'll provide them with more information and answer any questions. If they are interested in moving forward, typically we will set up a buyer/seller meeting. We'll make the introduction and each party can ask questions to see if it is a good fit for both parties. After questions are answered the next step would be for a letter of intent which outlines the terms and conditions of an offer. On most of our manufacturing assignments, we are able to get multiple offers. This provides an environment where we can get you the best price and terms for your manufacturing business. We also have relationships with banks that are interested in lending for manufacturing deals. This allows you to get all or most of the money paid at the closing.
To discuss the specifics of how we can help sell your tool and die business, please fill out the contact form on this page or call (914) 738-9350 and we can put you in touch with an experienced Business Broker. We have Brokers in MA, NY, CT, and NJ and sell manufacturing businesses throughout the US.