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Selling Your Machine Shop, Ep #277

In this episode of Making Chips, Jim and I chat with Paul Van Metre—the Co-Founder of ProShop ERP—about the process of selling his machine shop. We dissect the process, including how to understand the valuation of your company and how to make your shop more attractive to potential buyers. If you’re considering selling in the next few years, this episode is full of actionable tactics and strategies that will help you succeed. 

BAM!

- Jason Zenger

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Segments

  • [0:07] Amper Technologies machine monitoring systems

  • [3:10] How to sell your machine shop

  • [5:11] Ozark Technical Community College offering a two-week manufacturing bootcamp

  • [7:49] Jim shares what’s new at Carr Machine

  • [8:42] Paul Van Metre’s experience selling his machine shop

  • [13:42] Is this a big change in the manufacturing industry?

  • [15:27] Why would a strategic buyer pay more? 

  • [16:40] Understanding the process of valuation 

  • [17:35] Check out ProShop ERP for more information on manufacturing software!

  • [26:10] The experiences of Paul’s customers buying shops

  • [28:12] How to make your company more attractive for buyers

  • [30:53] How buyers can make sure they’re getting a fair valuation

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