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You've Decided to Sell Your Business - What Next?
There are a number of factors to consider when selling your business, one of the most important being how much you would like to sell your business for.Selling your business can be a challenging task, so it's important to get it right. Here are some suggested steps to guide you through the process.1. Make sure selling is the right decisionIf you're thinking of selling because of financial problems or because you find it hard to comply with government regulations, consider whether getting help or advice might put your business back on track.You'll also need to consider how selling your business will affect your personal and financial circumstances.Make sure you've considered everything when considering selling your business - check out our article for assistance.2. Decide whether to use professionalsConsider using a reputable business broker or other professionals to help you sell your business, because the process can be time consuming and complicated.Business brokers are professionals who specialise in buying and selling businesses. They can help you understand legal and government requirements and make the process of selling your business less stressful. The services of a brok...
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"Why Use a Business Broker"?
Selling a business can be a very long, complex and emotionally draining ordeal, which can add unnecessary stress to your already busy life. As an experienced business broker, We have helped many individuals and corporate entities like you and we know what buyers are looking for. By engaging us, you will also avert potential legal problems which may arise from disputes with buyers due to unfamiliarity in handling the various agreements, documents and processes involved. We will guard your best interests when selling your businesses and try to achieve the best possible results, leaving you with peace of mind to focus on running your day-to-day business activities. We handle the whole process of selling your businesses from start to end:;We help to properly assess the value of your businesses.We save your precious time, energy and resources by providing comprehensive and strategic marketing process to reach out to existing and potential buyers.We handle inquiries, screen buyers, and exercise due diligence to protect confidential information.We coordinate the relevant services of trustworthy professional advisors such as lawyers, accountants and bankers as and when the needs arise.W...
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1 In 10 Of Us Own a Business?... Surely Not
There are over 2 million registered businesses operating in Australia, according to the most recent ABS figures from the 2011-12 financial year. That’s the same as one in 10 people owning a registered business. That’s a lot of businesses! In fact, by the end of the 2011-12 financial year, the number had increased by 3.6%, but by the 2012-13 reporting period, business growth declined by 2.9%, with the Construction industry losing over 20,000 registered businesses. Made up of small and big services, public and privately owned, there are myriad opportunities for anyone to make it as a business owner, whether it’s managing a franchise in the heart of Melbourne, or a roaring trades service in the outer regions of Western Australia, which isn’t Mining! Traditional Industries Rule! Traditional industries typically make up the majority of registered businesses within Australia. Construction sits atop with over 16% of services being categorised under the traditional trade banner, while other areas, such as Professional Tech Services and Real Estate Services closely follow. In a lot of ways, it makes sense that these three businesses would account for almost 40% of the market, as they ...
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Selling Your Business - Is it the Right Decision?
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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Sell Your Business for More Than It's Worth
Looking to sell your business? You're looking at stiff odds. According to Michelle Seiler-Tucker, a business broker and founder of New Orleans-based Capital Business Solutions, 60% of business owners who try to sell their businesses can't get a deal done. Seiler-Tucker has owned and operated eight successful businesses and has also sold hundreds of franchises and businesses. She claims to close nearly 98 percent of all offers she writes, and says on average she obtains a 20 to 40 percent higher selling price for her clients. She also wrote the book Sell Your Business for More Than it's Worth. Here's her advice. 1. Get The Timing Right:  Seiler-Tucker says the biggest mistake that most sellers make is that they do not plan their exit strategy from Day One. "Unfortunately many business owners wait until a catastrophic event has occurred in order to sell their business and when that usually happens the business is typically trending downward and it's not making as much money as it once was," she says. "The best time to sell a business is when your business is doing well." 2. Get Your Books in Order: Before attempting to sell a business for maximum value Seiler-Tucker evaluates...
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Manufacturing Plant Anything But Cheesy
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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  • Business Brokers in Australia

    Finding a new business or franchise to invest in came sometimes be a challenging decision, and with so many different types out there, the research into locations, states, histories and so on can prevent you from making a decision.

    Business brokers can help alleviate those concerns with a range of services that can cut out the research and provide you with expert and in-depth analysis and insights into the area you want to break into.