How Do I Sell My Technology Business?
You have probably noticed all of the incredibly lucrative deals that have taken place in tech in recent years. The technology business is booming and huge technology mergers and acquisitions are taking place all the time. Once you have built up your technology business to the point where it has significant value and you’re ready to sell, what’s the next step?
Here are four steps to keep in mind to maximize your chances of getting the best value in the shortest amount of time for your technology business.
Steps to Sell My Tech Company
Get an Overview of your Company
We will discuss any strengths and weaknesses of your company and get an idea of how to position it, who the potential buyers are, what type of recurring revenue you have if any.
Review your Financial Information
Before you put your tech company on the market, we want to make sure everything is clean and clear. The more potential buyers can’t see, the more they may suspect there is something you are hiding that may devalue your company. We will look at your company from a buyer’s perspective and make sure the financials are clear. A Technology Business Broker will help you in positioning your financial information as well as your company as a whole.
Figure Out How Much Your company Is Worth
You may have a rough idea of how much your tech company may be worth, but with a transaction this important you don’t want to leave anything to chance. Synergy Business Brokers can provide you with a realistic estimate of what you can expect to get for it. This will put you in a much stronger position to negotiate.
Sell at 'High Tide'
You want to sell when sales are increasing — not when they’re down. Even if a sales dip is a function of forces unrelated to the value of your company, you may be better off waiting until things have reached equilibrium again. We'll discuss your options.
Contact a Qualified Technology Business Broker
Finding a quality business broker is the key to learning how to sell your technology business fast. You want a business broker with specific experience in the technology field who understands the market, knows how to price a technology business and can get you the best possible deal. A business broker can use their network to locate buyers and you can potentially make up their commission many times over in the increased amount you are able to sell your business for.
Sell Your Technology Business Online With Synergy Business Brokers
If you have a technology business and you’re ready to sell it now for maximum value, why not use the experts at brokering tech mergers and acquisitions at Synergy Business Brokers? We have over 15 years of experience selling businesses with annual revenues between $600,000 and $30 million in areas like New York, New Jersey, Massachusetts, Connecticut and the entire Northeast and beyond.
Below are some of the technology companies that we have sold:
- IT Services Companies
- Electronic Health Care (EHR) Software Companies
- Value Added Resellers (VARs)
- SaaS Companies
- Ecommerce Companies
- Point of Sale Technology company
- Marketing Software Company
- Asset Management Software Company
- Security Technology Company
- Hardware Manufacturer
- Workflow Software Company
- Supply Chain Software Company
- Educational Software Company
Many of our Senior Advisors come from the technology industry. Their backgrounds include: Executives that have built and sold technology companies in excess of $20Million; a VP of Information Technology at a Fortune 500 company, and M&A executives that have done deals with Cisco and many other large technology companies.
We know the tech industry and we are confident we can find the right buyer for your technology business. For a confidential consultation on your potential tech sale, just give us a call at 914-738-9350, drop us a note at firstname.lastname@example.org or fill out and submit our simple online form. There’s no need to wait — get in touch with us today!