How Do I Sell My Manufacturing Business?
If you’re thinking about selling your manufacturing business, you may have questions such as how do you get the best price when selling a manufacturing business and how do you keep the sale of your manufacturing business confidential?
It helps to have an experienced Manufacturing Business Broker. Synergy Business Brokers has over 15 years of experience selling manufacturing businesses and a database of 24,000 potential buyers. An example of some of the manufacturing businesses we have sold include: technology manufacturer, tool and die manufacturer, food manufacturer, glass fabricator, plastic manufacturer, consumer products, industrial products, media manufacturer, metal fabrication, and cosmetics manufacturer.
We offer a confidential consultation for selling a manufacturing business. To get started, you can fill out our online form. Below are some tips and steps in the process of selling a manufacturing company.
Step One: Put Your Best Face Forward
You want buyers to feel like they’re getting your business at its peak. The best time to sell is when the company is doing great. However, if you've lost your motivation to improve the business, then you may want to sell now before the business starts declining. You also want to make sure you have clear, clean paperwork so potential buyers can see exactly what they are getting.
Step Two: Make It a Well-Oiled Machine
Manufacturing is a business that needs a strong presence at the top to succeed. But eventually, you want your manufacturing business to run practically on its own. This is especially true if you’re looking to sell your manufacturing business. If a potential buyer sees that the company is lost without you, they will pay less than if you have a management structure in place. It's best to have talented people that know what they are doing rather than everyone looking to the owner for guidance.
Step Three: Get your manufacturing business valued
You can’t get the best value for your business if you don’t know what that the value is. You can make a rough calculation on what your business is worth by yourself, but if you’re looking to maximize sale value, get a professional Business Broker to provide an honest, unbiased assessment of your manufacturing company’s worth. Many manufacturing businesses also do the distribution. We'll find out more about your business, including whether you have an extensive network of distributors or you own a manufacturing and distribution company. In either case, your company, both types of companies are in demand. We can also prequalify your business for financing so that we know how much money banks are willing to lend a buyer to purchase your business.
Step Four: Get the Right Support
If you want to sell your business right, get experts to help. Many of those looking to sell manufacturing businesses do not even realize that there are business brokers out there who have an extensive database of potential buyers that are looking to purchase a manufacturing business. This allows you to get the best value for your business with multiple buyers competing for your company.
Sell My Manufacturing Business with Experienced Manufacturing Business Brokers
Synergy Business Brokers has experienced M&A Advisors in the Northeast, and we sell manufacturing businesses nationwide. Our focus is on selling manufacturing companies with annual revenues between $600,000 and $40 million and would love to have you join our ranks of satisfied sellers. We do not charge an upfront fee because we believe we shouldn't profit without selling the business for you.
This article may have answered some of your questions on how to sell a manufacturing business, but I'm sure you have more questions for us. To get started, all you have to do is call us for a confidential consultation. You can reach us at 888-750-5950, by email at [email protected] or through our form online. We have been executing Mergers & Acquisitions in the Manufacturing industry since 2003. To view our current manufacturing businesses for sale, please visit Manufacturing Businesses for sale.