The Best Business Brokers to Sell your Museum
Building a successful Museum takes a lot of hard work. There are many decisions to be made. Over time you can build up expertise in this area.
When it comes time to sell your Museum, however, you are probably new to this process.
Synergy Business Brokers has experience selling Museums
We can guide you through the process of selling your Museum. It starts with a no-cost confidential consultation. We'll discuss your specific niche in the Museum industry. What types of people you draw in and how a new potential buyer can potentially grow the business.
To give you an idea of the potential selling price of your Museum we'll need to understand your financial situation. Information such as your annual revenue and net income, including any salary and benefits you get as an owner of the Museum. We'll also want to find out the value of your collection and any other assets that you have. We'll take a look at trends and compare them to what other similar Museums have sold for.
Every Museum is unique, and we'll work hard to maximize the value of the sale of your Museum. We'll also keep the sale confidential, which is essential to all of our clients.
#1 Rated Business Brokers
We are the #1 Rated Business Brokers in multiple categories. We've built up a following of potential buyers that numbers over 30,000. These buyers include wealthy individuals, private investment groups, as well as other Museums, Auction houses, and businesses that want to diversify into the Museum industry.
We'll take the time to answer your questions such as: How will you market my Museum for sale? How much is my Museum worth? What is the best way to sell my Museum? Can I make sure I'm comfortable with the buyer for my Museum?
We have been selling businesses in education and services since 2002. Our experience will help you to find the right buyer and move into the next phase of your life.
Our Listing Agreement only provides for a payment to us if we successfully sell your Museum. We work on a commission-only basis, so our goals are aligned with yours.
Marketing Plan to sell your Museum
After you sign our Listing Agreement, we'll get to work in writing the marketing documents for your Museum. One document will be a confidential overview, which will put your Museum in a desirable light. It won't contain the name of your Museum or address. Just general information designed to get buyers interested enough to sign a Confidentiality Agreement. Once they sign this and provide us with their qualifications, then we can provide them with more information to see if they are interested.
From there, we answer questions and see if they are qualified enough to meet with you. Once you meet them and answer questions, if both sides are interested in moving forward, the next step would be to make an offer. We try to get multiple offers to increase our leverage to negotiate.
On average, it takes about 1-8 weeks to get the first potential buyer that we introduce to you. It's usually 1-6 buyers that we present to sell the Museum. The sales process unfolds over time, and on average, it takes 6-10 months to sell a Museum; however, we have sold one in under three months. That's if everything comes together quickly.
There are over 35,000 museums in the US so there are potential buyers for every different type of Museum out there.
When we get offers for your business, we'll review the pluses and minuses of each offer. It's more than just the price. There are things like how long you will need to stay on after the sale to help the buyer with a transition. This can vary significantly, so we find out what your desires are and work towards a solution that works for both parties. In addition, the deal structure is important such as how much will you be paid at the closing and how much will be paid over time (if any).
Once you come to an agreement with the buyer on price and terms, they will conduct due diligence and review more detailed information on the business. We'll also negotiate any issues that might come up during due diligence and work towards a solution. When due diligence is complete, a purchase agreement is signed, funds are exchanged, and you are on your way to the next phase of your life.
If you are deciding whether to sell your Museum and would like a confidential consultation, please fill out the contact form on this page or call 888-750-5950. We have award-winning business brokers that can meet with you in CT, NY, NJ, MA, PA, TX, NM, and beyond.