Whether you’re just exploring your options or ready to take the next step, these answers will help you move forward with clarity and confidence.
The right time to sell will depend on your unique personal situation and goals. Ideally when things are going well in business it’s a better time to sell for attaining a higher sale price, though there could be an opportunity cost to holding on to a business you want to move on from.
There are 7 different ways to value a business, though in most cases the calculation is based primarily on profit, and the risk an new owner will have in continuing profits after purchase. To find out a range for a business we combine comparable industry sales via the AIBB BizStats database, and our own assessment of the businesses unique factors.
Selling a business can take between 6 to 12 months from start to finish. This varies based on the type of business, the market, pricing, marketing, negotiations and deal terms.
Yes, keeping your business information private is very important to us. We make sure all sensitive details are protected with Confidentiality Agreements during the selling process.
Basic information needed to begin the valuation process include the last 3 financial years of profit and loss statement, lease as well as our Request For Information form which provides specific details about your business that we can use to perform an accurate appraisal. After that we can help with improving attractiveness to buyers and sale value.
Ideally look for a business that matches your skills and ability, budget and goals to begin with. Then you may want to look to see if the business has any outstanding key features, competitive advantages and potential for improvement or growth. Once we know your goals we can help you find businesses that meet your criteria.
Growth or stability over time is ideal, though not always critical if there were understandable circumstances that contributed to a ad year or decline in profits.
There are many different ways to acquire a business, most common though are bank loans, vendor finance, earn-outs. We can help you understand your options.
Due diligence is when you carefully check the business’s records and operations to confirm everything lines up with the information you were given prior to signing the contract. This includes looking at financial statements, employment contracts, supplier agreements, the lease, client contracts and more.
Yes, price is one factor in a negotiation. The ability to negotiate price will depend on level of buyer interest in a business, other offers on the table and the time frame in which a seller wants to complete a deal.
Still have a question?
“Kurt achieved where others failed. Kurt had a buyer for our business in the first 5 months that it was in his hands.
It shows his dedication to his clients. We are so happy that we had Kurt from New Chapter Business Sales with us throughout this process.
We would definitely recommend Kurt to anyone looking to sell their business. Thanks so much Kurt.”
Business Sale Client
“From start to finish, Kurt made us feel like our business was the only business he cared about.
He worked with us to really understand our business and how he could best find a suitable buyer. He then ensured we got the best price and walked us through the whole process professionally and diligently.
I would have no hesitation getting Kurt to sell any future businesses I have”
Business Sale Client
“Via Our Broker Kurt In Townsville, we successfully sold our business! We had tried other brokers before but they simply didn’t put in the work required.
The key difference Kurt Brought was a professional valuation, regular communication with us and potential buyers, and the fact that he only takes on as many businesses as he can truly handle. Thanks Kurt and team!”
Recent Business Sale Client
Planning to sell your business? Organise a complimentary professional business value appraisal to see where your business is most like yo sell for in today’s market.
