How Do I Sell My Surveying Business
Are you thinking of selling your Surveying Business? You may be ready to retire after building a great business for many years. You may have questions such as: What is the best way to sell my Surveying Business? How much can I sell my Land Surveying Business for? Who would be the best buyers and who has experience in selling Surveyor Businesses?
Synergy Business Brokers has 15 years of experience selling Surveying Businesses
We have sold a number of Surveying Businesses, including Engineering and Surveying Businesses as well as Businesses only focused on Land Surveying. Our experts will guide you through the process. This may be your first time selling a Surveying business, but we have the experience to make the process easier for you. The first step is to have an initial conversation so we can get an overview of your business, including your clients, employees, areas of expertise, geography covered, referral sources, and more.
The next step would be to review your financial information. We focus on selling Surveyor Businesses with annual revenues of $700,000 to $50 Million, so hopefully, your business is in that range. We'll work with you to determine what your total compensation is including your salary, perks, benefits, and profits. This will help us to give you an idea of a possible selling price for your Surveying Business. The next step would be to develop an overview document about your business, which is designed to get buyers interested while maintaining your confidentiality.
Confidential Marketing Program
We will use a confidential overview of your business for marketing it in many different ways. We will advertise it on the internet on our site as well as many other sites (some of which get over 1 million users per month). We will also market your business to our database of 25,000 potential buyers. We'll contact many Engineering firms, Surveying firms, Construction companies, and investment firms that could combine your firm with another firm that they own. Before we provide the buyers with details about your business, including the identity of your business, we'll have them sign a Non-Disclosure Agreement and provide us with information on their qualifications.
Generally, we'll need to speak with about ten potential buyers for every one that is qualified and serious about your firm. Once we have a suitable buyer, we'll usually set up a meeting or preliminary phone call to see if there is a mutual interest in going further. If so, then after questions are answered, the interested buyer will submit a letter of intent, which will outline the price and structure of the deal. Our goal is to get multiple offers, which allows us to get you the best price. We'll work with you to evaluate each offer and weigh the merits of doing a deal with a particular buyer. You will also want to feel comfortable that you can work with them because, in most cases, you will need to stay on after the sale to provide a transition for the buyer.
In all, the process usually takes 6-10 months to complete a sale from start to finish, but in some cases, we have sold businesses in a couple of months, and sometimes a deal takes longer than usual. Since we don't charge an upfront fee, our goals are aligned with yours. We want to sell your business in a timely fashion at a good price. Our fee is a percentage of the sale price.
We have Award Winning Business Brokers based in PA, TX, NY, NJ, CT, and MA and sell businesses around the US. You can email us at [email protected], fill out and submit our online form or give us a call at 888-750-5950, and we'll set up a private consultation to get started.