The value of a company isn't just dependent upon how well it serves its customers, or how many products it sells. It's also related to the underlying assets that companies possess, including warehouses, machinery, factories and IT networks. These are the foundations for a solid firm, and if you want to maximise the sale value of your business they are easy to address. Here are some ways for small and medium sized manufacturers to keep their assets in good shape and ensure they get a fair price when they need to move on.
Don't Neglect the Fabric of Your Premises
Fabric maintenance may deal with the superficial surfaces of your factory, but it's a vital way to ensure that potential buyers are impressed. You can bring in contractors to carry out fabric assessments across your factory, checking the ceilings, paint, glazing, insulation, heating systems, air ducts and plumbing to ensure that everything is running as smoothly as possible.
Aside from making business premises more visually attractive, fabric maintenance also enhances worker safety by checking structural elements like supporting walls and ceilings, and consultants can also recommend changes to flooring to add extra grip if required.
Install Cutting Edge Data Collection and Management Systems
Factories that are set up to collect data and make it available for staff to exploit are also likely to attract a higher price. In a world of Big Data and Enterprise Resource Planning, potential buyers want to be able to assess how efficient material flows are and how profitable their purchase could be. This means hooking your production lines up to software packages that track every component and product as it passes through your systems.
As with fabric management, modernising your data collection and management infrastructure has wider benefits than boosting your company's value. Employees will be able to work smarter, and managers will be able to analyse company performance in much more depth.
Book Regular Machinery Check-Ups
Whether you run an automotive mechanics, a construction company or a food manufacturing concern, your operations will only be as successful as the machinery that powers them. One way to ensure that your company is working at peak efficiency is to book annual electrical maintenance assessments by qualified professionals. They will cast their eye over your production plant, controls, safety devices and key machinery components, finding any flaws and recommending suitable responses. With a regular equipment audit, you can be sure that your assets are as efficient, and hence as valuable, as possible.
You're probably not about to sell your prosperous manufacturing company just yet, but it pays to think about how you would maximise its value if the time came to sell up. It makes sense to start now by booking professionals to assess the fabric of your buildings, investing in data collection and analysis tools, and scheduling electrical maintenance check-ups as soon as possible.