Connect Business Agents Pty Ltd are here to help you find the right business to buy. We have the experience to advise you on the business which will suit you best.
We assist buyers in identifying suitable businesses that will meet their requirements and risk profiles.
Buyers who are conservative will do well in structured business models and franchised businesses while entrepreneurial buyers will enjoy owning a business that will give them the flexibility to implement new services or products to their business.
Before looking to buy a business, first time buyers should have a good idea about how they are going to fund the purchase of a business. They should ask themselves the following questions, and list the resources and skills they can bring to the business.
- How much Cash do I have to put into the purchase of a business?
- How much equity do I have in property?
- Will the Bank lend me any money against the business?
- Do I have the skills to own and operate my own business?
- Am I ready to make the lifestyle change from employee to business owner?
- Do I understand what is involved in employing staff?
Most businesses are sold on a multiple of earnings, and this varies from industry to industry.
We are frequently asked ‘What is the Market Value of the Business?’
Market value is defined as:
‘The estimated amount for which an asset should exchange – on the date of valuation- between a willing buyer and a willing seller, in an arms length transaction, after proper marketing, wherein the parties have each acted knowledgeably, prudently and without compulsion’
If you are seeking assistance from a purchaser’s viewpoint regarding a possible acquisition we can provide advice that is both technically sound and in touch with the realities of current market conditions.