Search Manufacturing and Wholesale Businesses for Sale in Florida
If you are reading this then you probably work in the industry and desire to become your own boss or you presently own a business and are looking to expand through acquisition. Either way here are some basics you need to know when looking at a particular business, which can apply to both opportunities. #1. What products are they manufacturing or selling? Are they producing or selling products that are in demand and trending up? (We won’t advise purchasing a rotary phone manufacturer or wholesaler.) #2. Who are their customers? Do they have a broad base of customers or just a few? Example would be they sell to just a few customers, 5 and one of them goes out of business or finds a new provider. Simplifying the example, they all purchase 20% of your products. Your business just lost 20% in revenues. #3. Regarding manufacturing you want to make sure they have newer equipment and not outdated. Many new types are coming along that are cost efficient as well as time saving, such was 3D Printing, CNC (Computer Numerical Control) Machines and others. #4. Reviewing financials is paramount to see what the company is bringing in, What does their Aging Report looks like (how long are they waiting to be paid), what employees they have, their duties and salaries, etc?. #5. What equipment they have and the condition and age of it? #6. Inventory is an important factor when considering the purchase of a company, i.e. Is there obsolete inventory and how much, inventory that is not turning over quickly and why, what money is tied up in inventory? There are many facets that must be considered when buying a company and we will guide you through the process.
Good Manufacturing and Wholesale companies with good financials are relatively easy to finance and many times the Seller will hold a partial note as well.