Getting Your Business Ready to Sell

As a minimum we suggest the following;

  • Three years profit & loss (relative to business for sale)
  • Financial statements that illustrate the companies revenue & growth potential
  • Procedures manual which document’s how most efficiently your business can be run
  • Never list your business without having this information available, if you do you risk losing potential purchasers

 

Facts which have come to light since the GFC (the game has changed!)

  • For every ten businesses for sale on the market today only four sell
  • The first four weeks of your business being for sale is when it will realise the most interest (make sure it is positioned to sell)
  • Banks are usually always involved in business purchases; banks do not lend money for ‘passion buys’ anymore.  They only lend money to clients to invest in profitable businesses.  If your business is assessed and does not meet the bank’s requirements it will always struggle to sell.  Talk to one of our REIV accredited Business Brokers to create the best selling scenario for your business.