Buying a business and becoming your own boss can be very exciting. Not only that, but there are many advantages to acquiring an existing business such as possible existing customer base, suppliers and experienced staff, however, there are important things to consider before making a deal with the seller. Do I need a lawyer to buy a business? Yes! Buying a business is not as simple as buying...
Business owners should prepare their business for sale prior to selling to help buyers see the value of their business and to maximise the selling price.
When enquiring about a business for sale, it is common for the seller or business broker to ask you to sign an NDA or confidentiality agreement before discussing the business' sensitive information. What are non-disclosure agreements (NDA) and confidentiality agreements? A non-disclosure agreement (NDA) is a legally binding contract that is used in situations where sensitive information is to be...
It is common for business brokers to charge a commission between 5-10% of the final business selling price and an upfront fee for marketing or advertising.
Freehold and leasehold are common terms used in Australia when buying or selling an accommodation type of business and refers to the ownership or lease of the underlying property.
What is goodwill? Goodwill is the intangible value of a business such as its reputation, branding, and customer loyalty, and other value that makes the business.
Buying a franchise has its benefits and negatives. Buying a franchise does not guarantee success so it pays to learn about the pros and cons.
The common thinking is that starting a business is extremely capital intensive but you can start a business on a small budget.
How long it takes to sell a business depends on the price, location, financials, industry, growth and more.
After buying a business, there are many different ways to add value onto the business. Here are 11 easy ways to add value onto your business.
SAV stands for "stock at valuation" which means that the stock value is not included in the asking price and is valued just prior to the sale.
WIWO is an short for “walk in walk out”. Understanding a key business term like this is crucial when negotiating during the purchase or sale of a business.
