Wright County, Minnesota Business Brokers | M&A

Wright County, Minnesota, Morgan & Westfield Local Commitment to You

Morgan & Westfield has facilitated business sales in hundreds of industries within the United States and Canada. Our business brokers are dedicated and driven to offer business sellers in the entire region of Wright County and surrounding cities their best assistance.

Our local presence is important to us. The support of local business owners within the Wright County community is phenomenal. You are an instrumental part of our business community and team efforts.

Our service area extends beyond the Wright County area and includes all of the following:

Wright County: Albertville, Annandale, Buffalo, Clearwater, Cokato, Dayton, Delano, Hanover, Howard Lake, Maple Lake, Monticello, Montrose, Otsego, Rockford, South Haven, St. Michael, and Waverly.

Carver County: Carver, Chanhassen, Chaska, Cologne, Hamburg, Mayer, New Germany, Norwood Young America, Victoria, Waconia, and Watertown.

Hennepin County: Bloomington, Brooklyn Center, Brooklyn Park, Champlin, Corcoran, Crystal, Dayton, Deephaven, Eden Prairie, Edina, Excelsior, Golden Valley, Greenfield, Greenwood, Hanover, Hopkins, Independence, Long Lake, Loretto, Maple Grove, Maple Plain, Medicine Lake, Medina, Minneapolis, Minnetonka, Minnetonka Beach, Minnetrista, Mound, New Hope, Orono, Osseo, Plymouth, Richfield, Robbinsdale, Rockford, Rogers, Shorewood, Spring Park, St. Anthony Village, St. Bonifacius, St. Louis Park, Tonka Bay, Wayzata, and Woodland.

McLeod County: Biscay, Brownton, Glencoe, Hutchinson, Lester Prairie, Plato, Silver Lake, Stewart, and Winsted.

Meeker County: Cedar Hills, Cosmos, Darwin, Dassel, Eden Valley, Grove City, Kingston, Litchfield, and Watkins.

Sherburne County: Becker, Big Lake, Clear Lake, Elk River, Princeton, St. Cloud, and Zimmerman.

Stearns County: Albany, Avon, Belgrade, Brooten, Clearwater, Cold Spring, Eden Valley, Elrosa, Freeport, Greenwald, Holdingford, Kimball, Lake Henry, Meire Grove, Melrose, New Munich, Paynesville, Richmond, Rockville, Roscoe, Sartell, Sauk Centre, Spring Hill, Saint Anthony, Saint Augusta, Saint Cloud, Saint Joseph, Saint Martin, Saint Rosa, Saint Stephen, and Waite Par.

Preparation Tips to Optimize the Sale of Your Business

As part of our growing commitment to you, our business sellers, we’d like to share with you four preparation tips. Taking these measures before listing your business on the market can help ensure a smoother process in selling your business.

Plan your exit now. Most business owners eventually come to the realization that they don’t intend to own their business forever. A wise entrepreneur knows that they should prepare their company for sale long before they sell their business. This is part of a smart exit strategy .

Organize financials and relevant documents. When a buyer makes an offer on your business, having immediate access to pertinent documents is paramount. By assembling the documents beforehand, you are ahead of the game. In today’s world, the due diligence process is often conducted in data rooms where a buyer inspects financials and other documents online. So scanning important documents into your computer system now is not a bad idea.

Avoid procrastination. Procrastinating is the worst thing you can do as far as due diligence is concerned. Half of all business deals fizzle during due diligence. Therefore, it makes sense to ensure the integrity of the due diligence process by preparing now. The advantage of early preparation is getting a better price for your business and having a more stress-free transaction

Assemble and examine the financial documents that buyers will typically request during the actual due diligence. Look for and fix physical aspects of your business that need improvement, such as broken equipment that needs to be repaired or replaced. Doing so will eliminate potential roadblocks and speed up the sale process.

Preparing for your business’s eventual sale involves internal auditing measures, dealing with issues as they occur, and taking steps to boost revenue to position your business in the best possible light when it comes time to sell your business. A consultation with a third-party expert on how you can implement an exit strategy is advised.

Perform due diligence before you market your business. Essentially, this entails that you take a closer look at your business as a potential buyer would.