Leading M&A Business Brokers for Tennessee
Sell a Company in Tennessee with Synergy Business Brokers
If you have a business in Tennessee that you are considering selling, Synergy Business Brokers sells TN companies in healthcare, services, manufacturing, technology, transportation, distribution, and construction. We sell Tennessee companies with a net income of $250,000 to $7 Million, so hopefully, your business falls within that range. If so, we offer a confidential consultation.
Potential Buyers throughout Tennessee
We have buyers looking for profitable businesses in the industries that we serve throughout Tennessee, including Nashville, Memphis, Knoxville, Chattanooga, Clarksville, and Murfreesboro. With most of the businesses we sell, the owner has worked in the business for many years and is now ready to retire. We assist the business owner in finding the right buyer and negotiate terms that will satisfy both parties. Of course, it usually takes some work to get there. We allow you to focus on running the business while we are qualifying buyers and only introducing the qualified and interested ones.
Maintaining confidentiality while selling a Tennesse Business
It's important to maintain confidentiality during the sales process so we won't advertise the name of your business or exact location. We'll require potential buyers to sign a Non-Disclosure Agreement and give us their qualifications before releasing information to them. We'll develop a write-up about your business that positions it to attract the right buyers. You want to maximize your strengths and position the weaknesses as growth opportunities for a new buyer to improve the business.
It's important to have clear financial information. We'll assist with this process and help identify the true owner's net income and cash flow, including your salary, perks, and benefits. Once we have your financials, we can provide you with a potential asking price. You want to maximize your price but also be realistic. With over 15 years of experience working with buyers and sellers, we can tell you what similar businesses sell for. Usually, we recommend leaving some room for negotiation in the asking price, but we've also sold plenty of businesses for the full asking price. It helps to have multiple buyers to increase your negotiating leverage.
We have a database of over 30,000 potential buyers, and we'll narrow down the right ones for your business. It's a process that unfolds over time. Generally, we can introduce a qualified buyer to you within 1-8 weeks. It's normally 1-6 buyers that we introduce in order to close a deal. On average, it takes 6 to 12 months to sell a business. But we have sold a number of businesses in a couple of months if all goes quickly.
No Fee until your Tennessee Business is sold
We are selective in taking on TN businesses that we feel comfortable that we can sell. Because we only get paid if we sell the business. This ensures that our goals are aligned, and we're working together to maximize your price and get the deal done. Usually, you will stay on after the sale and provide a transition, so it's important you get along with the buyer. We look for buyers that are easy to work with as well as financially qualified. We can help:
- Sell your Tennessee Healthcare Business
- Selling Manufacturing Businesses in TN
- Sell a Tech company in TN
- M&A for Service Businesses in TN
- Mergers & Acquisitions for Construction companies based in TN
- Selling Wholesale Distribution Companies in Tennessee
Common Questions About Selling A Tennessee Business
When selling your business, no matter if it is located in Tennessee, you will have a lot of questions. We seek to answer those questions for you and make the sale and transition of your business effective. Below are a few of the initial questions many business owners ask. We work with a hands-on approach to make the sale of your business as efficient as possible.
Why should I sell my Tennessee business?
Selling your business can be a difficult choice. You’ve invested a large amount of time and energy building up your Tennessee business. Making sure your business sells effectively is our priority. The reason you should sell your Tennessee business can vary. Whether you are looking for a change in life or planning on retiring from your TN business, an effective exit and transition plan should be put in place when selling your business.
How much should I sell my Tennessee business for?
To sell your TN company for its full worth, you need to get a business valuation. Getting a business valuation for your Tennessee workplace is an important step to selling your business. Based on your business valuation, an effective asking price for your business can be determined.
When should I sell my Tennessee business?
While you may be thinking you should try to play the market when selling your business, it is most effective if you are prepared to sell your business earlier. Because selling a business takes time, do not wait until you are ready to quit. That will make the business sales process much more difficult.
Where should I sell my Tennessee business?
If your business is located in Tennessee, you may be looking for a Tennessee Business Broker. We have experience selling Tennessee businesses and have many potential buyers interested in buying a business in Tennessee. While we will target the TN market, we will also target a national and international market to help sell your business. Why should I sell my local business to such a wide market? Because your business is highly valued no matter the location. Finding the perfect buyer for your company is something we specialize in. Learn more about our selling process and effectively sell your business locally and internationally.
Contact us to sell a TN Business
During our confidential consultation, we'll find out more about your business and discuss your goals. We'll let you know if we are a good fit to help you meet them. To get started, please fill out our form online to contact us, email [email protected] or call (888) 750-5950.