How Do I Sell My Tool and Die Business?
Sell My Tool And Die Business
If you’re looking to sell your tool and die business, Synergy Business Brokers has a wide variety of experience selling machining companies and manufacturing businesses. We seek to make sure our buyers and sellers are both satisfied with the sale of a business. Your tool and die company has taken years to build up and has had a large amount of your personal investment in it. Whether you are looking to retire or planning on jumping into a new business, we can help you sell your business to finance your next stage of life.
If you are wondering how to sell your tool and die business, we can offer some tips as well as managing the bulk of the sales process for you. 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?
Selling Your Tool & Die Company Confidentiality
Not everyone thinks about selling a business confidentially, but it is an important part of the business sale process. If investors or employees find out that your business will be sold, you don't want to have some of them get skittish before the deal is completed. Synergy Business Brokers provides a confidential consultation, confidential marketing, and nondisclosure agreements to make sure your tool and die business sells confidentially.
We offer a confidential consultation where we will learn more about your business. We'll ask questions such as:
- What types of products do 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.
Once we have this information, we can provide you with a potential selling price. You can let us know if this is acceptable to you, and if so, we can proceed with a marketing plan. We sell companies with an annual net income of $250,000 to $7 Million, so hopefully, your company falls within our range.
Common Questions About Selling A Tool And Die Business
Synergy Business Brokers has sold many tool and die businesses. With each tool and die, business owner, we have received different questions and concerns. We'll work with you in our confidential consultation to answer these questions. Below are a few common questions we have received in the past:
Why Should I Sell My Tool And Die Business?
Selling your tool and die company is personal to you. You might be ready to retire or are simply looking for a lifestyle change. No matter the reason, we can help make sure your tool and die business sale can help finance the next stage of your life.
How Much Should I Sell My Tool And Die Business For?
At Synergy Business Brokers, we will work with you to determine the full value of your tool and die company. Looking at a variety of valuation factors like annual income, company size, assets, and industry as a whole helps determine your company’s value.
Can My Tool And Die Manufacturing Business Function Without Me?
Your business has grown to have a variety of employees. You have skilled tool and die machinists and tool and die designers. Even if you occasionally worked on the machining floor, hired each employee, or manage all of the leadership positions, it is possible for your tool and die business to survive without you. The greater your involvement with the business's daily functions, the longer you will need to remain at the business even after it is sold. There is typically a transition period where you can help the new owner take over our business effectively. This is why it is so important to have a business broker help find a qualified buyer who will work well with you and the synergy of your business.
How Long Does It Take To Sell My Tool And Die Engineering Business?
Selling your tool and die business can take some time. In our experience, we have seen tool and die businesses sell quickly, and we have seen others sell slowly. This depends on factors such as pricing, financial trends in your business, customer concentration, and your management structure. Typically tool and die companies are sought after by many businesses.
Is a Tool And Die Merger and Acquisition Profitable?
We have seen tool and die manufacturing companies have successful mergers that result in a large amount of profit. Synergy M&A works with the buyer and the seller to make sure that both parties are happy with the result. Learn about M&A for your tool and die company.
Acquire A Tool And Die Company
Are you looking to acquire a tool and die company? There are a wide variety of benefits to purchasing a tool and die company. Whether you are also a tool and die business looking to expand your businesses size, or if you are making a lateral move to cut out the middleman if a large amount of your business is production. Acquire a highly profitable tool and die company with growing cash flow through a tool and die Business Broker.
Niche Tool & Die 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 and machine shops. In fact, some of our largest deals 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 companies that can benefit from the synergies of acquiring a particular company.
Our job is not so much finding potential buyers as it is finding the right prospective 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.
Confidential Marketing Plan
The first step in our marketing plan is to write up an overview document that doesn't have your name or location but has general information about your business. We will advertise that on many 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 can 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.
Contact us To Sell Your Tool & Die Business
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 (888) 750-5950, and we can put you in touch with an experienced Business Broker. We have Brokers in MA, NY, CT, PA, TX, LA, and NJ and sell manufacturing businesses throughout the US.