Many business owners ask us, how do I sell my industrial products business? At Strategic Business Brokers Group, we will work with you and help you sell your business for the best price possible. With over 30 years of combined experience Strategic Business Brokers Group’s certified brokers will help you with every step of the selling process from helping you get your financial records in place, to placing your business on the market and finding potential buyers.
DETERMINING SALES PRICE
When selling your industrial products manufacturing business the first step is determining the sales price. Industrial products manufacturing businesses are often valued on their discretionary earnings. Pre-interest and pretax profits before non-cash expenses, non-related income expenses and any one-time investments are included in discretionary earnings. The earnings amount will determine how attractive your business is to potential buyers and support the sales price. Having accurate financial records is also necessary in determining an accurate valuation of your company.
MAINTAIN YOUR EQUIPMENT
The equipment you decide to sell along with your business needs to be working properly. Robotic systems, packaging systems, forklifts and any other machines should be serviced before selling the business. Potential buyers will want to start their business immediately and having working equipment is needed to do so.
If any of your equipment is having issues or not working, you must disclose this information to the buyer to prevent any issues after closing the sale. You may not need to purchase new equipment or replace defective machines, just maintain your equipment as best as possible.
BENEFITS OF SELLING WITH A BROKER
Working with a business broker is often your best bet when it comes to getting the best value for your business. Preparing to sell your business is often a complex process to navigate and Strategic Business Brokers Group can help you with each step of the process. Your business broker will market your business while seeking out and working with potential buyers. Making sure each potential buyer is prequalified will save you time and money in the long run and effectively setup the sale of your business. An experienced broker at Strategic Business Brokers Group will mediate the sale of your business with the buyer. Selling the business you have put years into building can be emotional so let Strategic Business Brokers Group take care of the details for you.
Getting in touch with a professional business broker will help you in your journey to sell your business. Contact Strategic Business Brokers Group at 480-284-4998 or Click Here to find out if it’s the right time for you to sell.