Turnaround/Anxious Business Sales
Companies in financial trouble are more desperate to sell their businesses as quickly as possible. Usually, such sales are initiated by lenders who want to remove the debt from their books. For financially troubled service companies, it’s to their advantage to sell their business as quickly as possible — before the buyers become aware of monetary issues and terminate the transaction.
This requires the skills and experience of quickly drafting contracts and being able to assess a situation realistically. Although the process of contacting the buyer is similar to the process of a merger and acquisition, to manage a troubled company properly, an advisor should:
- Involve only stakeholders, including creditors, management, and landlords
- Work efficiently to avoid problems
- Properly value and price a company to attract potential buyers
- Involve professionals, including managers responsible for various aspects, bank employees, and lawyers
Hoffpartners assists companies with various aspects of their business to help them endure difficulties with minimal loss:
- Hoffpartners has closed several deals in recent months
- Hoffpartners cooperates with creditors who offer to invest in companies that have temporary financial difficulties;
- We have the necessary database that includes investors and owners;
- We have unique experience with lower-middle-income companies ($2-$15MM)
Our main goal is to find a buyer as quickly as possible and to facilitate a smooth transition.
The biggest mistake that business owners make is time. Asset liquidation is one of the unpleasant but often inevitable processes of going out of business. To avoid this, you need Hoffpartners. We promise to do everything possible the right way to help you out of a bad situation.
Moreover, we adhere to strict confidentiality standards — your information will remain private.