Running a business is often a challenging task. A change in both financial and personal situations can have a significant effect on the smooth functioning of a business. In such a situation, making a decision on whether or not to sell your business can be daunting. However, before you put up your business for sale, there are some things that you need to consider.Establish Whether You Really Want to Put Up Your Business For SaleThere has never been a definite method of determining if it is a good decision to sell your business. Rather, it is a matter of personal opinion. The number of businesses for sale varies continually, and one cannot pin point the best time to put their business on the market. There will be a number of things that influence your decision. It is vital that you consider the following three factors to help you with your decision:1. Identify the real reason behind selling your business:It is the most crucial part of the decision making process. When you put up a business for sale, it is important they are for the right reason.2. Seek advice:As soon as you have identified the reason for selling your business, it is recommended you speak to professionals, family a...

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A Parcel of land spanning 51,000m2 in the tourism town of Tweed Heads, NSW is soon to make one savvy investor very happy. Located just 5 minutes (approx) from Coolangatta Airport and just on the market, the Business Park zoned property is located in what has been dubbed a hot bed of tourism activity. Agents Tourism Brokers said the land could be utilised for a range of purposes providing the appropriate approvals were given including subdivision, motel, serviced apartments or hotel accommodation, offices and shops, warehouse distribution centres, garden or hardware supply centres or food and drink premises. According to Tourism Brokers, Tweed Heads is as far north as you can get in NSW, with the town abutting the Queensland border. ``The area is a hotbed of activity, with tourism, shopping, surfing and some of the fastest residential growth in the state,’’ they explained. `` It is nestled in the caldera of an ancient shield volcano and offers a wealth of holiday experiences from lush World Heritage listed rainforests and rolling green farmland to unspoilt beaches and ocean adventures - all easily accessed from the Gold Coast Airport. ``This is the heart of Australia's Gree...

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When a business owner decides it’s time to sell their business, knowing all there is to know about its operations does not necessarily qualify them to complete a successful sale. Business ownership can be very rewarding and the opportunity to work at something that inspires you but when it comes time to part ways with their ‘baby’ it’s not always the owner that can execute a smooth exit with maximum profit. Licensed Real Estate Agent, Certified practicing Business Broker and Director at Beyond Business Sales, Catherine Kimpton said it was important to be able to access all the information available to you in order to make an informed decision. ``It is the broker’s job to represent a vendor in the market place, collate all of the information on their business and present it to the market,’’ Ms Kimpton explained. ``As a broker we advertise the opportunity and negotiate with prospective buyers in the same way as your Real Estate Agent would for your home to effect a successful sale and the best possible outcome.’’ Experts believe one of the biggest mistakes an owner can make is to not prepare the business for sale correctly, especially the finances. Ms Kimpton said the more p...

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If you plan to buy an existing business, carefully analyse both the advantages and disadvantages to doing so including the history, which is likely to impact the future of the business.One advantage is that a good business history can increase the likelihood of a successful operation and ensure that finance is easier to obtain. Potential disadvantages can be overestimating the goodwill figure and a poor public image inherited from the previous owner.Things to consider when buying an existing businessAs a prospective business owner you should determine the current worth of the business and its future prospects.When buying a business and considering its worth, you'll think about: Vendor - Why and what are the reasons the business being sold? Sales - Can you see any patterns or trends? What is the business' customer base? Who are the current suppliers? Costs - What are the fixed and variable costs? Are there any staff costs? Profits - Have you looked at previous financial records? Is the business profitable? Assets - What assets does the business have? Does it have any intellectual property or leasing arrangements? Inventory - Is the inventory on-hand being included in ...

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There’s a lot to think about and a lot of questions to ask yourself when you consider buying a business. What type of business should I buy? How do I go about buying it? What research should I do before I buy the business? We decided to consult the experts to help find the answers to these important questions and more and thought Licensed Real Estate Agent, Certified practicing Business Broker and Director at Beyond Business Sales, Catherine Kimpton was the best qualified for the job. With over twenty years’ experience in recruitment, business sales, management and marketing we think you’ll find our Q & A session with Catherine both an interesting and informed one. AB: Why should people buy a business? CK: Business ownership can be very rewarding the opportunity to work at something that inspires you, and that you can grow and nurture and see the rewards of your hard work. Buying an established business means that you are buying certainty , you are buying a formula that already works that has been tried and can be relied on to generate profit for you, thus reducing your risk of failure and financial loss AB: What type of people are currently buying businesses? CK: Busine...

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What has been touted as one of the most advanced cheese manufacturing plants in Australia is now on the market for sale. Located east of Melbourne near Gippsland, the plant enjoys great access to dairy farmers and milk supplies according to the company in charge of brokering the sale Business Brokers Victoria. Capable of large volumes of up to 35 tonne a week, the current vendors have also obtained an Export Licence giving its new owners an opportunity to manufacture and export cheese and other products nationally and worldwide. According to business broker Michael Keltie, the owner has been in the cheese manufacturing business for 60 years and has decided it’s time to retire. ``They have built up a great brand name with a trusted reputation,’’ Mr Keltie explained. ``This is a very technically advanced cheese manufacturing plant that has just been built and recently commissioned.The milk is delivered from the farm straight into the holding tank and right through the whole process of making the cheese, the product is never handled by human hands.’’ Mr Keltie said the property sits on one and a half acres and that the current building was ``huge’’ with opportunity for further ex...

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