Selling a business can seem like a daunting task, but understanding the steps in a business sale can make it much more manageable. Here’s a straightforward overview of how the process typically works:
Are you looking to sell your Queensland business but don’t know where to begin? The first step is having a professional value appraisal completed. We’re one of the only AIBB registered business brokers between Cairns and Brisbane. This means we have access to exclusive comparable industry sales data to use in our valuation process to provide you with the most accurate valuation possible of your business.
Before you put your business on the market, it needs to be prepared for sale. This means ensuring your financial records are up to date, any legal issues are resolved, and your business is looking its best both online and offline. Think of it like sprucing up a house before selling it.
There are 7 different ways to value a business. Our process takes into account your business financials, it’s unique characteristics and comparable industry sale data to come up with the most suitable valuation method and likely selling range in today’s market.
The more interested buyers we can attract, will mean more bidders and a higher sale price. That’s why we focus so heavily on the staying on the cutting edge of the marketing our clients businesses. Unlike other brokerages we don’t just put your business up on websites and wait for interest – we actively market your business through up to 4 other methods including targeted social media ads, active outreach to potential acquirers and our large database of active buyers.
One of the benefits of our system is that we have less sale clients per broker, which allows us to speak to every buyer lead as soon as they come through and we have the time to answer their questions fast, build trust and develop a relationship with them – which leads to faster sale times and higher sale rates.
Not taking on too many businesses at once means we have time to negotiate better deals for our clients – not just ‘meet in the middle’. This starts with taking the time to understand what is most important to each party – not just price.
This is where the buyer will have time to receive any more information they need to check over figures, leases and contracts and see that everything matches up with with the information they were provided prior to signing the sale contract.
Once Due Diligence, finance, contract transfer and lease clauses have been satisfied, the deal is unconditional and the work starts on transfer of ownership and closing the deal.
After closing there will be a period of seller training and ensuring all assets are transferred and the seller moves onto a new chapter of their life with their sale figure.
With our accurate appraisals, superior buyer attraction methods, expert negotiation skills, and attention to service we ensure you achieve the best possible value.
Our proactive marketing approach reduces time on the market.
With a dedicated team, industry experience, and a focus on client success, you can trust us to manage the sale with professionalism, confidentiality and care.
If you’re considering selling your local business, contact us today for a confidential discussion about your goals. If we believe we can assist, we’ll map out as plan to unlock the value of your business and achieve the outcome you deserve.
“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.
