How Do I Sell My Manufacturing Business?
Deciding to sell a business is a major step that prompts many questions. Is now the right time to sell? What is my business worth? What can I do to enhance the value of my business? How can I find buyers? Strategic Business Brokers is here to help answer these questions and more. With over 30 years of combined experience Strategic Business Brokers Group licensed brokers will help you with every step of the selling process including helping get your financial records in order, to placing your business on the market and finding potential buyers.
DETERMINING SALES PRICE
MAINTAIN YOUR EQUIPMENT
Manufacturing businesses often have a lot of machines and other equipment on hand. Selling the equipment along with your business will go a long way in attracting buyers and raising the overall sales price. Potential buyers want to purchase the existing equipment with your business, so they can open their business immediately after purchase instead of waiting for new equipment to arrive.
The equipment you include with the sale of your business needs to be in proper working order. Scissor lifts, pallet trucks, compactors, conveyor belts and any other machines should be serviced before selling your business. If you find a machine is not working properly and the costs are minimal to repair, then you should repair the device. If the repair is more than you are willing to spend, or the machine is not functioning at all then you must disclose this information so there are no issues after closing. You may not need to purchase new equipment. Just maintain the equipment you have.