Selling a Business Q&A
How do I sell a business without using a business broker?
A friend of mine wants to sell his small Japanese restaurant, however, he doesn't have the money to hire a business broker. How does one sell a business, and what is the process of selling a...
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Thanks @Stuart McGilvray and @Zoran Sarabaca for your replies. @Ling Lee you might find some tips and advice in the articles on this page ... https://www.savvysme.com.au/article/5521-how-to-organise-your-business-before-selling
The short answer is yes, but you really need to get professional advice. Talk to your accountant and lawyer - agreements will need to be drawn up to protect both you and the purchasers of part of the business. It's way too involved to get into here.
How do I calculate how much my business is worth?
I'm kinda of curious as what to my business is worth, I'm not at a point yet where I want to hire an experienced business valuation professional, I'm just curious to see if it is worth selling. Does...
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Get an Appraisal done. This is something I produce for business owners either as part of our Sale Process, or as a stand-alone line-in-the-sand document. It is 10-pages outlining saleability considerations and an indicative price range, taking into account the market realities of your industry.
Trying to calculate this yourself, without access to market knowledge or comparable data may end in tears...
Any recommendations for businesses who do company valuation?
We are looking to get our business valued. Has anyone done this before? Any recommendations on a business or company we can use?
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I have a very credible and indepependant contact who can assist with this. He prepares formal business valuations for any small to medium businesses. He works in association with lawyers in the divorce, commercial law, business law, areas where there is often a need to have businesses valued accurately.
Contact me directly Craig and I will pass on the details.
How many small to medium size businesses are sold per year in Australia ?
A stat that I had trouble finding information on - How many small to medium size Australian businesses gets sold every year in Australia?
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Hi Johnathan,
I did a little checking and came up with a June 2014 report prepared for the Australian Institute of Business Brokers (AABB) which could provide the info you are looking for. I cannot attach the file here but if you email me - neils@ (wardourcapital.com - added as the site blocks email addresses!) I will forward a copy of the report to you.
A good site for statistics on various industries is bizstats (.com.au)they have a good selection of free data and a wide range of specific industry data available at low cost.
I hope this helps, let me know how you go,
Cheers,
Neil.
Does anyone have any tips on selling a cafe, restaurant or coffee shop?
Hey guys, We want to sell a small Cafe/takeaway type restaurant out in the suburbs. It's quite stable with a modest, but consistent turnover. We're having a bit of trouble even getting enquiries....
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You already have regular clientels, why not try simply posting a sign outside that this business is for sale or have a chat to a few of your better, well connected clients? The sign will generate some interest to local folks who might like to try their hands at running an already established cafe. Smart business people will see that there is an opportunity and they may not want to buy it themselves but they may have friends or associated that are looking for one. What better reference than coming from a regular who can vouch for your business.
