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Steps to buying a business -
here’s what you should do

Never bought a business before? Not sure where to begin or what's involved? Here’s a checklist of steps which show it's really not that scary, especially when you have experts to guide you:

  1. Investigate - check out businesses for sale in the newspaper, on the net or simply contact us.
  2. Confidentiality -  we will ask you to sign a confidentiality agreement.
  3. Discuss with broker -  we will pass over a business profile, which gives details of a business for sale. Explore its potential as an investment.
  4. Inspect the business - we will arrange for you to see the business. Sometimes the seller is present; generally we will act on their behalf.
  5. Meet the owner - your opportunity to ask the hard questions to the one who knows the business best.
  6. Seek more information -  such as detailed financial accounts to back up the summary already provided.
  7. Make an offer if you are still interested - make a clear and detailed offer.
  8. Offer presented - the broker takes your offer to the seller, but expect a counter-offer.
  9. Check counter offer -  decide whether to accept the counter offer or negotiate further.
  10. Letter of intent -  If you and the seller both want to continue to the next stage you may have to sign a letter of intent and pay a deposit which allows you to access additional information without committing fully to the purchase.
  11. Carry out due diligence - investigate all areas of the business and decide whether it still interests you.
  12. Acceptance - if you both agree on the final details it can still be conditional on a number of factors, such as finance being arranged, or a certain contract being approved.

  1. A Sale & Purchase Agreement - is drafted (usually by the seller's solicitors) and sent to both parties for signing. There are usually conditions such as lessor approval of the lease transfer.
  2. All conditions met - the agreement now becomes unconditional until the final date of settlement.
  3. Lawyers finalise things - both buyer and seller sit back and leave it to the people in suits to co-ordinate settlement.
  4. Settlement - the seller gets the cash and the buyer gets the keys to the front door.
  5. Stocktake - any variation in the value of stock prior to and after settlement is adjusted.
  6. New owner steps in - it's all yours!
  7. Training and support - the old owner often stays on for an agreed period to show the new owner the ropes

Business opportunities

HOMEWARES IMPORTING & DISTRIBUTION:
Profitable, long-standing and highly successful business based in Sydney concentrating on a small range of its own and customer branded products. Broad base of long standing blue chip customers. Resilience to economic fluctuations. Annual turnover is around $10m.

PROFESSIONAL INTRODUCTION SERVICE:
This two capital city business has been established for over 20 years and has a consistent profit history. If you are a people person who wants to own a business that makes a difference as well as a profit, is incredibly fulfilling and personally rewarding, contact us now.

REGISTERED TRAINING ORGANISATION:
A highly regarded RTO, one of the largest providers in Australia in the health/ lifestyle sector. Online delivery accounts for 50% of revenue of $2.7m. It is VETAB accredited, has an excellent teaching faculty and offers genuine growth opportunities.

NICHE ADVERTISING & DESIGN:
Well established business, with expertise in advertising, graphic design and production and corporate communications. Blue chip clients in its specialised consumer sales market sector. Experienced, well qualified staff team. Annual sales around $1.3m p.a.

ELECTRICAL MAINTENANCE & CONTRACTING BUSINESS:
Based in a major NSW regional city and services industrial and commercial clients across a large part of the state. Featuring sales of $1.8m and growing strongly, the business has a high market share in its niche which will return $450k to an investor.

Please refer to our website for more Businesses for Sale opportunities.

Recent Business Sales include: Specialised physiotherapy, Occupational rehabilitation management.

New Business Opportunities expected to become available soon include: Computer software and support; Insurance broker; Advertising/ communications.