How to Sell My Manufacturing Business
Sell My Manufacturing Business
When you are looking to sell a manufacturing business, It is important to develop strategies to increase profits without increasing your costs. Ask yourself…. is my production process cost-effective? If not, streamline.
You will maximise value if you maximise Profits.nt rules and regulations.
Customer Base, Stock and Products
- Expand customer base and find new markets.
- Analyse customer satisfaction.
- Target profitable product lines.
- Increase prices.
- Decrease the price of the most profitable products.
- Increase the price of the least profitable products.
- Decrease stock
- Decrease direct and indirect costs
- Cut back on overheads.
- Decrease owner discretionary spending.
- Increase productivity using staff performance reviews.
- Ensure the stability of your suppliers.
- Make sure you are not exposed by dealing with only one supplier. You always need a Plan B.
- Research. Are you taking advantage of all relevant government subsidies? Find out!
Getting ready for sale
- Compile a complete list of all plant and equipment.
- List intellectual property.
- List ongoing contracts.
- Strong historical financial records.
- Up-to-date profit and loss statements
- Full list of all inventory.
- List all liabilities including leases.
- List realistic profit projections.
- What role do you play in the business? A buyer of a manufacturing business is more often than not looking for a managerial role.
- Ensure your plant is clean and well-kept… first impressions speak volumes!
- Assess and address any long-term or short-term risk to profitability.
- A systems and operational manual is essential when selling a manufacturing business.
- Ensure your business is compliant with all government rules and regulations.