Sell Your Manufacturing Business
Expert Guidance - Professional Negotiations - Seamless Closings
SELL YOUR BUSINESS WITH CONFIDENCE
Manufacturing plays a pivotal role in driving the American economy and supporting its industrial infrastructure. Not only does it contribute significantly to GDP and job creation, but it also fosters innovation, technological advancement, and global competitiveness. In essence, manufacturing serves as the backbone of American industry, driving innovation, economic growth, and prosperity for communities across the nation.
We make it our priority to ensure our sellers achieve the highest and best price possible when it’s time to sell your manufacturing business. By allowing us to do the heavy lifting, you’re able to continue focusing on what you do best, running your business.
Our experts walk you through the valuation process so that your business is listed at a competitive price, get it in front of the right buyers, structure the sale, negotiate with buyers, and elegantly bring the sale to a close so you can enjoy the next chapter in your life!
Demand for manufacturing businesses is strong and now is a great time to sell.
We make it our priority to ensure our sellers achieve the highest and best price possible when it’s time to sell your manufacturing business. By allowing us to do the heavy lifting, you’re able to continue focusing on what you do best, running your business.
Our experts walk you through the valuation process so that your business is listed at a competitive price, get it in front of the right buyers, structure the sale, negotiate with buyers, and elegantly bring the sale to a close so you can enjoy the next chapter in your life!
Demand for manufacturing businesses is strong and now is a great time to sell.
15
k+
Businesses Sold
850
+
Brokers
40
+
Years Of Experience
70
+
Business & consulting awards won over world.
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"BEST OF KNOXVILLE BUSINESS BROKER" AWARD WINNER
Our Proven Selling Method
HOW WE SELL YOUR BUSINESS
We perform a Comprehensive Business Analysis
We develop Advertising and Marketing Materials
We Confidentially Advertise Your Company To Buyers
We Control The Information Flow
We Create Competition For Your Company
We Negotiate For You To Achieve The Best Price
We Provide Exceptional Support Through The Due Diligence
We are there from the beginning to closing and beyond
Frequently Asked Seller Questions & Answers
Confidentiality is, perhaps, the most critical issue for a business broker. Virtually every business seller doesn’t want his employees, customers or vendors to know that his business is for sale. Transworld is very cognizant of this fact and in every step that we take we emphasize confidentiality.
There is a great deal of variation in the time frame, but, if we had to pick an average time, eight to nine months may be close. While this may sound like a long time, all of the facets of selling a company, including listing the business, finding buyers, interviewing buyers, writing contracts, due diligence and finally the closing process are all time consuming.
Handling the lease is crucial to the success of the transaction. The most common solutions are transferring the lease to the buyer or having the buyer sign a new lease with the landlord. Leases will have a clause that defines the landlord’s rights regarding transfer. The seller will be required to remain as a guarantor of the lease and often there may be a charge by the landlord for the transfer.
This is a difficult one, it is very, very difficult to prove to a prospective buyer that you have earned income that has not been reported. The only suggestion here is if you are not reporting income stop right now and maintain accurate records including all income. There are some businesses that do sell in spite of this fact.
Transworld has no upfront fees. We will analyze your company and go through the entire process with no cost to you. Your only obligation is when we find a buyer for your business. We traditionally receive our payment at closing.
The analysis of your business’ value or worth is another crucial function of the business intermediary. “The Market” makes the final determination of value. At Transworld, we have tremendous experience in valuing almost any business. Our estimates of value are not “certified business valuations” although we can provide this service for a fee. However, our experience and volume of comparable businesses allows us to give the business owner a very good estimate of value.
This can be handled in many ways. Often the property is sold as a separate listing. However, the company owner will frequently retain the property, obtain a long term lease and earn an ongoing cash flow stream. Also, the property can aid a buyer’s ability to finance the business.
Most small businesses are sold with the seller retaining cash and a working level of inventory is generally granted to the new owner. Working capital will need to be assessed on a case-by-case basis as manufacturing firms will typically provide a level of working capital for the buyer’s initial launch into ownership.
Most often, the company is sold free of all debt. This means that the former owner will be responsible for accounts payable as well as all long-term debt.
The lack of good business records is the single most common reason for a business sales deal to fall apart. We can’t emphasize enough the importance of maintaining good books and records before selling. This includes accurate financial statements, cash register receipts or whatever records are necessary to prove income and expenses. Of course, current tax returns are a must. However, we are used to selling businesses that may have less than adequate records.
Today, no later. Even if you think you are not ready to sell your company right now you can’t start preparing too early. One of our experienced agents will be more than happy to meet with you to help you to start thinking about your exit strategy.
Buying or selling a company can be a complicated venture. While some companies are sold without the help of accountants and attorneys, we strongly recommend that both the buyer and seller engage professionals.