PEBITDA vs EBITDA: Which Should You Use for Business Valuations?
Introduction
If you’re buying or selling an Australian small to medium business, you’ll quickly encounter two critical acronyms: PEBITDA and EBITDA.
Get these wrong, and you could miscalculate a business’s value by hundreds of thousands of dollars – whether you’re a seller leaving money on the table or a buyer overpaying for a business that doesn’t deliver the returns you expected.
Here’s what makes this confusing: both metrics measure profitability, both are used in business valuations, and both include the same letters. But they’re fundamentally different, used for different types of businesses, and attract completely different multiples.
Using the wrong one costs money. Using the right one maximises value.
In this guide, you’ll learn:
- The exact difference between PEBITDA and EBITDA
- When to use each method (and why it matters)
- How multiples differ between the two (typically 0.5x-0.7x higher for EBITDA)
- Real examples showing valuations under both methods
- Common mistakes that cost buyers and sellers dearly
- A simple decision framework to determine which applies to your situation
Whether you’re a business owner preparing to sell or a buyer evaluating an acquisition, understanding this distinction is critical.
Want professional guidance on which method applies to your business? Get a complimentary business valuation here
Quick Answer: PEBITDA vs EBITDA at a Glance
Before we dive deep, here’s the simplified version:
PEBITDA (Proprietor’s Earnings Before Interest, Tax, Depreciation, Amortisation):
- Used for owner-operated businesses
- Includes ONE owner’s wage of 40-45hrs as part of earnings
- Best for businesses where the owner works in the business
- Typically for businesses under ~$500k in earnings
- Appeals to owner-operator buyers
- Multiples typically range from 0.5x to 2.5x
EBITDA (Earnings Before Interest, Tax, Depreciation, Amortisation):
- Used for businesses under management
- Does NOT include either owner’s wage (already subtracted, or manager salary included)
- Best for businesses where the owner is hands-off or semi-absentee
- Typically for businesses over ~$500k in earnings
- Appeals to investor buyers
- Multiples typically range from 2x to 8x+
The key difference? How owner wages are treated. PEBITDA adds one of them back to show total earnings for an owner-operator. EBITDA leaves them out because the business runs under professional management.
PEBITDA vs EBITDA Comparison Chart
| Feature | PEBITDA | EBITDA |
|---|---|---|
| Full Name | Proprietor’s Earnings Before Interest, Tax, Depreciation, Amortisation | Earnings Before Interest, Tax, Depreciation, Amortisation |
| Owner Wage Treatment | Added back to profit (only ONE owner if multiple) | NOT added back (expense remains or manager salary included) |
| Best For | Owner-operated businesses | Businesses under management |
| Typical Business Size | Usually under $500k earnings | Usually over $500k earnings |
| Owner Involvement | Owner works 38-45+ hours/week | Owner minimal/absent, manager runs operations |
| Target Buyer Type | Owner-operator | Investor |
| Typical Multiple Range | 0.5x – 2.5x | 2x – 8x+ |
| Multiple Difference | EBITDA multiples typically 0.5x-0.7x higher (not a hard rule, varies by business) | |
| Also Known As | SDE (Seller’s Discretionary Earnings) in USA | EBITDA (universal) |
Still not sure which applies to your business? Keep reading—we’ll walk through exactly how to decide.
What is EBITDA?
EBITDA stands for Earnings Before Interest, Tax, Depreciation, and Amortisation.
It measures the operational profitability of a business before accounting for:
- Interest: Financing costs (because a new owner may have different debt arrangements)
- Tax: Tax expenses (because tax rates vary by owner)
- Depreciation: Non-cash expense for asset wear and tear
- Amortisation: Non-cash expense for intangible assets
EBITDA is used primarily for businesses that operate under professional management, where the owner is either not involved day-to-day or plays a minimal oversight role.
When to Use EBITDA
EBITDA is appropriate when:
- The business has a management team in place
- The owner works minimal hours (or none at all)
- Earnings are typically over $500,000 annually
- The business can run without the owner’s daily involvement
- The target buyer is likely an investor, not an owner-operator
Why Buyers and Sellers Use EBITDA
For sellers: EBITDA shows the business’s operational performance independent of the owner. If you’ve built strong systems and hired great management, EBITDA demonstrates that value—and typically commands a higher multiple.
For buyers: EBITDA reveals what profit the business generates without requiring the buyer to work in it day-to-day. It’s the metric investors use to calculate return on investment (ROI) for hands-off acquisitions.
Example: A mid-sized law firm with $650,000 in EBITDA and a practice manager running operations. The owner (a senior lawyer) does some client work but isn’t essential to daily operations. This business would be valued using EBITDA.
Learn more about how business valuations work in our comprehensive guide
What is PEBITDA?
PEBITDA stands for Proprietor’s Earnings Before Interest, Tax, Depreciation, and Amortisation.
The critical word here is “Proprietor’s” – this metric is designed specifically for owner-operated businesses where the proprietor works full-time in the business and counts everything the owner earns (including their wage) as profit.
PEBITDA adds back the owner’s wage to the earnings calculation because that wage represents financial benefit to the owner. A new buyer stepping into that same role would earn both the profit AND the wage.
In the United States, PEBITDA is called SDE (Seller’s Discretionary Earnings). If you see references to SDE in your research, it’s essentially the same concept.
When to Use PEBITDA
PEBITDA is appropriate when:
- The owner works in the business full-time (38-45+ hours/week)
- Earnings are typically under $500,000 annually
- The business is owner-operated with the owner handling key functions
- The business relies on the owner’s involvement for day-to-day operations
- The target buyer will likely be an owner-operator too
Why Buyers and Sellers Use PEBITDA
For sellers: PEBITDA shows the true earning power of your business for an owner-operator buyer. If you work in your business and draw a wage, PEBITDA ensures that wage is recognised as part of the business’s value—not hidden as an expense.
For buyers: PEBITDA reveals your total earning potential if you step into the owner’s role. You’ll earn both the profit and the wage, which is critical for calculating whether the business delivers the income you need.
Example: A retail homewares store with $240,000 PEBITDA. The owner works 50 hours/week managing inventory, staff, and customer relationships. A buyer purchasing this business would step into that same role and earn the full $240,000. This business would be valued using PEBITDA.
See our detailed guide on calculating PEBITDA
The Critical Difference: Owner Wages
Here’s where PEBITDA and EBITDA diverge – and why using the wrong one can swing valuations by hundreds of thousands of dollars.
How Owner Wages Are Treated
PEBITDA: Adds back ONE owner’s wage only
If the owner pays themselves a wage (via PAYG payroll) of $120,000 per year and the business has $80,000 in net profit, that $120,000 wage is added back to profit when calculating PEBITDA.
Important clarification: If the owner is paid via drawings (taking money out as a sole trader or partner), there is no wage expense in the profit & loss statement to add back. The profit already reflects the owner’s benefit. However, you still add back other items like depreciation, interest, personal expenses, etc.
If there are two owners working in the business: Only ONE owner’s wage gets added back to profit. The assumption is that a new buyer will be one person stepping into one owner’s role. If both owner positions are truly essential, the second role would need to be filled by an employee, and that cost stays as an expense.
Why add back the wage? Because a new owner-operator buyer stepping into the business would earn that full amount – both the profit and the wage for their labour.
EBITDA: Does NOT add back the owner’s wage
In an EBITDA calculation, if there’s a manager in place earning $100,000, that salary stays as an expense. The earnings figure shows what’s left after paying someone to manage the business.
Why? Because a buyer isn’t planning to work in the business—they’re investing for the passive income it generates.
Example: Same Business, Two Methods
Let’s look at a landscaping business to see how this plays out:
Business Profile:
- Established for 12 years
- Owner works full-time (45 hours/week) managing crews, quoting, client relationships
- 4 staff members (labourers and an admin assistant)
- Good systems but owner’s involvement is critical
Financials (3-year average):
- Net Profit: $95,000
- Owner wage + super: $125,000
- Depreciation: $22,000
- Interest: $8,000
- Personal vehicle expenses: $14,000
PEBITDA Calculation:
| Net Profit (3-year avg) | $95,000 |
| + Depreciation | $22,000 |
| + Interest | $8,000 |
| + Owner wage & super | $125,000 |
| + Personal vehicle | $14,000 |
| PEBITDA | $264,000 |
Multiple: 1.8x (established trades business, solid client base, moderate owner reliance)
Valuation: $264,000 × 1.8 = $475,200
EBITDA Calculation:
| Net Profit (3-year avg) | $95,000 |
| + Depreciation | $22,000 |
| + Interest | $8,000 |
| + Owner wage & super | $125,000 |
| + Personal vehicle | $14,000 |
| – Market manager salary & super | -$105,000 |
| EBITDA | $159,000 |
Multiple: 2.4x (under management, lower risk, broader buyer pool)
Valuation: $159,000 × 2.4 = $381,600
Analysis:
This business is worth $93,600 MORE using the PEBITDA method ($475,200 vs $381,600).
Why? Because the business is more valuable with the owner working in it. Without the owner’s hands-on involvement, you’d need to hire a manager for $105,000, which significantly reduces profitability. The owner’s expertise, client relationships, and operational knowledge are what make this business profitable.
The right choice for this business? Value it using PEBITDA. The typical buyer will be an owner-operator who steps into the current owner’s role.
Why Multiples Differ: PEBITDA vs EBITDA
You might have noticed something important in the example above: the EBITDA multiple (2.4x) was higher than the PEBITDA multiple (1.8x).
This isn’t a coincidence. EBITDA multiples are typically 0.5x to 0.7x higher than PEBITDA multiples for the same business, though this is not a hard rule and varies based on individual business characteristics.
Why?
Risk and Owner Dependence
Businesses valued on EBITDA typically have:
- Lower risk: Management is in place, so the business isn’t dependent on one person
- More scalability: Systems and processes exist independent of the owner
- Broader buyer pool: Appeals to investors and sophisticated buyers
- Higher predictability: Professional management usually means better systems and reporting
Lower risk = higher multiples.
Businesses valued on PEBITDA typically have:
- Higher owner reliance: The owner is essential to operations
- More hands-on requirement: Buyer must work in the business full-time
- Smaller buyer pool: Appeals primarily to owner-operators
- Transition risk: Loss of the owner’s knowledge and relationships can impact performance
Higher risk = lower multiples.
Typical Multiple Ranges
| Valuation Method | Typical Multiple Range | Business Type |
|---|---|---|
| PEBITDA | 0.5x – 2.5x | Owner-operated, smaller businesses |
| EBITDA | 2x – 8x+ | Under management, larger businesses |
Important note for buyers: Don’t assume a higher multiple automatically means better value. A business with a 4x EBITDA multiple might deliver worse ROI than a business with a 1.5x PEBITDA multiple if you factor in your time, involvement, and risk profile.
Important note for sellers: If your business has strong systems and can transition to management, calculating both PEBITDA and EBITDA valuations can reveal which method maximises your sale price. Professional brokers run both scenarios.
PEBITDA vs EBITDA: Which Should YOU Use?
Here’s the practical framework for deciding:
Use PEBITDA when valuing a business if:
✅ You (the owner) work in the business 38-45+ hours per week
✅ Your involvement is critical to operations
✅ Earnings are typically under $500,000
✅ You handle key functions: sales, client relationships, technical work, or management
✅ The likely buyer is an owner-operator who will step into your role
✅ There’s no management team in place (or only junior staff)
Examples of PEBITDA businesses:
- Cafés and restaurants
- Trades businesses (plumbing, electrical, landscaping)
- Small retail stores
- Professional services (bookkeeping, consulting)
- Owner-run manufacturing
Use EBITDA if:
✅ The business operates under professional management
✅ You (the owner) work minimal hours or are semi-absentee
✅ Earnings are typically over $500,000
✅ There’s a management team in place
✅ The business has documented systems and processes
✅ The likely buyer is an investor, not an owner-operator
Examples of EBITDA businesses:
- Businesses with general managers
- Franchises with strong operating systems
- Multi-location operations
- Professional practices with partner teams
- Manufacturing with production managers
What if You’re on the Borderline?
Some businesses sit in the grey area – perhaps earnings are around $450k-$550k, or the owner works part-time but isn’t essential.
In these cases, professional brokers calculate both methods and see which produces the most accurate (and often highest) valuation.
For example: A business earning $520,000 with an owner who works 20 hours/week in a supervisory role might be valued higher using EBITDA (treating it as under-management) than PEBITDA (treating the owner as essential). But you won’t know unless you run both scenarios.
For buyers: When evaluating a business on the market, ask the seller which method was used in the valuation. If you plan to be hands-off but the business is valued on PEBITDA, that’s a red flag—the business might not function without an owner-operator.
Not sure which method applies? Get a professional assessment here
Real Example: When EBITDA Valuation is Higher
Not all businesses are worth more using PEBITDA. Let’s look at a case where EBITDA produces the higher valuation:
Medical Practice
Business Profile:
- Revenue: $1.8M annually
- 6 staff including 1 admin
- Owner does some client work but isn’t essential
- Strong systems, good client retention
- Practice manager handles day-to-day operations
PEBITDA Calculation:
| Net Profit | $520,000 |
| + Depreciation | $15,000 |
| + Interest | $8,000 |
| + Owner’s wage & super | $180,000 |
| PEBITDA | $723,000 |
Multiple: 2.0x (medical practice, owner still involved)
Valuation: $723,000 × 2.0 = $1,446,000
EBITDA Calculation:
| Net Profit | $520,000 |
| + Depreciation | $15,000 |
| + Interest | $8,000 |
| EBITDA | $543,000 |
Multiple: 2.8x (professional practice under management, strong systems, low risk)
Valuation: $543,000 × 2.8 = $1,520,400
Result: The EBITDA method produces a valuation that’s $74,400 higher.
Why? Because this business is more valuable to an investor buyer. It’s not dependent on the current owner’s involvement, has strong management in place, and appeals to a sophisticated buyer pool willing to pay premium multiples for hands-off cash flow.
The lesson for sellers: If you’ve built strong systems and management, make sure your broker evaluates both methods. You might be sitting on significantly more value than you realise.
The lesson for buyers: Understand which method was used and why. If you’re buying an EBITDA-valued business but planning to work in it full-time, recalculate using PEBITDA to see your true earning potential.
Common Mistakes: PEBITDA vs EBITDA
Mistake #1: Accountants Using EBITDA for Small Businesses
Many accountants default to EBITDA calculations even for small owner-operated businesses. Why? Because their training focused on larger corporate valuations where EBITDA is standard.
The problem: This can undervalue your business by 30-50% or more if you’re an owner-operator.
For sellers: If your accountant provides a valuation, ask specifically which method they used and why. If they used EBITDA for a business where you work full-time, get a second opinion from a business broker.
For buyers: If you’re evaluating a business valued at, say, $300,000 with “$150,000 EBITDA” but you’ll work in it full-time, recalculate using PEBITDA. You might be earning $270,000+, which significantly improves your ROI.
Mistake #2: Using the Same Multiple for Both Methods
Some people hear “retail businesses sell for 1.8x” and apply that to both PEBITDA and EBITDA.
Wrong: A retail business earning $200k PEBITDA at 1.8x = $360k
Wrong: The same business with $200k EBITDA at 1.8x = $360k
This ignores the fundamental difference: EBITDA multiples are higher because the risk profile is different.
Correct approach: PEBITDA multiples range 0.5x-2.5x. EBITDA multiples range 2x-8x+. They’re completely different scales.
Mistake #3: Not Calculating Both Methods
Professional brokers don’t just pick one method and move on. We run both scenarios to see which produces the most accurate—and often highest—valuation.
For sellers, this could mean thousands (or hundreds of thousands) more in sale price.
For buyers, this reveals whether you’re getting good value for your specific use case.
Mistake #4: Two-Owner Businesses
When there are two owners both working in the business, some people add back both owners’ wages when calculating PEBITDA.
Wrong approach: Add back $120k (Owner 1) + $120k (Owner 2) = $240k in total wages added back
Correct approach: Add back only ONE owner’s wage ($120k)
Why? Because the assumption is a single buyer will step into one owner’s role. If both positions are genuinely necessary for the business to operate, you would need to account for hiring an employee for the second position—which means that second salary would remain as an expense (or be added as a new expense if not currently there).
Special note: If owners are paid via drawings rather than wages, there’s no wage expense in the P&L to add back in the first place. The profit figure already reflects the owners’ benefit. You would only add back other adjustments like depreciation, interest, personal expenses, etc.
Mistake #5: Ignoring the $500k Threshold
The ~$500,000 earnings threshold isn’t arbitrary. It represents the point where:
- Businesses typically have enough scale to afford management
- Buyer profiles shift from owner-operators to investors
- Risk profiles change significantly
- Multiples transition from PEBITDA range to EBITDA range
If your business is close to this threshold, it’s especially important to run both valuation methods.
What Buyers Should Know
If you’re buying a business, understanding PEBITDA vs EBITDA is critical for evaluating deals and calculating your real return.
Questions to Ask Sellers
1. “Is this business valued using PEBITDA or EBITDA?”
This tells you immediately whether the business requires your hands-on involvement or can operate under management.
2. “What role does the current owner play in day-to-day operations?”
If the business is valued on EBITDA but the owner works 50 hours/week, that’s a red flag. The business might not actually function without an owner-operator.
3. “What’s included in the earnings calculation?”
Ask for a detailed breakdown of add-backs. Some sellers inflate earnings with questionable adjustments that won’t stand up in due diligence.
4. “If I work in the business, what will my total earnings be?”
If the business is valued on EBITDA but you plan to work in it, ask the seller or broker to show you the PEBITDA figure. That’s your real earning potential.
Recalculating for Your Situation
Don’t just accept the seller’s valuation method. Recalculate based on how you plan to operate:
Example: You’re buying a café valued at $320,000 based on $160,000 EBITDA (assuming a manager in place at $80k/year).
But you plan to work in the café yourself. Your real earnings would be:
- EBITDA: $160,000
- Plus manager salary you won’t need to pay: $80,000
- Your effective PEBITDA: $240,000
At $320k purchase price, you’re buying at 1.33x PEBITDA – potentially excellent value for an owner-operator buyer.
ROI Depends on Your Involvement
Two buyers can look at the same business and see completely different returns:
Buyer A (Investor): Buys based on EBITDA. Keeps existing manager. Earns passive income.
Buyer B (Owner-Operator): Buys same business, works in it. Earns PEBITDA (higher income but requires their time).
Neither is wrong – they’re just different strategies with different return profiles.
What Sellers Should Know
Maximise Your Value
If you’re selling, understanding PEBITDA vs EBITDA helps you position your business correctly and achieve maximum value.
If you’re an owner-operator: Make sure your valuation uses PEBITDA and that your broker can clearly explain to buyers why your earnings figure includes your wage. Buyers need to understand they’re stepping into a role that earns them significant income.
If you have management in place: Emphasise this in your marketing. Businesses under management appeal to a broader buyer pool and command higher multiples. Your broker should highlight systems, processes, and the management team’s capabilities.
Strategic Positioning Before Sale
If your business is currently valued on PEBITDA but you want to achieve a higher EBITDA multiple, consider:
- Hiring a manager 12-24 months before selling
- Documenting systems and processes
- Reducing your own involvement gradually
- Training a management team to take over key functions
This transition takes time but can dramatically increase your sale price by moving from PEBITDA multiples (0.5x-2.5x) to EBITDA multiples (2x-8x+).
Example: A business earning $400,000 PEBITDA at 1.8x = $720,000. If you spend 18 months building management and can transition to $280,000 EBITDA at 2.6x = $728,000—similar valuation, but now appealing to a completely different (and larger) buyer pool.
Be Honest About Your Involvement
Don’t try to position a heavily owner-dependent business as under-management. Buyers will figure it out during due diligence, and the deal will collapse.
If you’re essential to operations, embrace it. Market to owner-operator buyers who want a hands-on business. There’s a large market for these businesses—you just need to target the right buyers.
Decision Framework: Quick Guide
Still not sure which method applies? Use this quick decision tree:
Question 1: Do you (the owner) work 38+ hours per week in the business?
→ Yes: Start with PEBITDA
→ No: Start with EBITDA
Question 2: Are earnings above or below $500,000?
→ Below: PEBITDA likely
→ Above: EBITDA likely
→ Close to $500k: Calculate both
Question 3: Is there professional management in place?
→ Yes: EBITDA likely
→ No: PEBITDA likely
Question 4: Who is the likely buyer?
→ Owner-operator: PEBITDA
→ Investor: EBITDA
Question 5: Can the business operate without you?
→ Yes: EBITDA
→ No: PEBITDA
If you answer mixed results (e.g., “Yes” to Q1 but earnings are over $500k), that’s exactly when you need professional help. These borderline cases require careful analysis to determine which method produces the most accurate valuation.
Why Professional Valuations Matter
You now understand the difference between PEBITDA and EBITDA. But understanding the concept and executing an accurate, market-based valuation are two very different things.
What Professional Brokers Bring
1. Market Intelligence
We see what’s actually happening in the market right now—what buyers are paying, what multiples are current, and how deals are being structured.
2. Multiple Scenarios
We calculate both PEBITDA and EBITDA valuations to see which produces the best result for your specific business.
3. Comparable Sales Data
Access to recent sale prices of similar businesses through AIBB (Australian Institute of Business Brokers) membership.
4. Buyer Psychology
We know what buyers in each category are looking for, what concerns they have, and how to position your business to appeal to the right audience.
5. Accuracy
Small errors in calculations, add-backs, or multiple selection can swing valuations by tens or hundreds of thousands. Professional expertise ensures accuracy.
For sellers: A professional valuation maximises your sale price and ensures your business is positioned correctly for the right buyers.
For buyers: Professional advice helps you evaluate whether a business represents good value for your specific situation and how to structure a competitive but fair offer.
Get a complimentary professional business valuation from New Chapter Business Sales
Frequently Asked Questions
Is PEBITDA the same as SDE?
Yes, essentially. PEBITDA (Proprietor’s Earnings Before Interest, Tax, Depreciation, Amortisation) is the Australian term. SDE (Seller’s Discretionary Earnings) is the American equivalent. Both measure the total financial benefit to an owner-operator, including their wage.
Which is better: PEBITDA or EBITDA?
Neither is “better”—they’re used for different types of businesses. PEBITDA is appropriate for owner-operated businesses under ~$500k earnings. EBITDA is appropriate for businesses under management or over $500k. Using the right metric for your business type is what matters.
Can I use both PEBITDA and EBITDA for the same business?
Absolutely, and professional brokers often do. Calculating both methods reveals which produces a higher defensible valuation for your specific business. This is particularly useful for businesses around the $500k threshold or with partial management in place.
Why are EBITDA multiples higher than PEBITDA multiples?
Businesses valued on EBITDA typically have less owner dependence, which means lower risk for buyers. They’re more scalable, appeal to a broader investor pool, and can operate without the owner’s daily involvement. Lower risk commands higher multiples—typically 0.5x to 0.7x higher than PEBITDA multiples for similar businesses, though this varies based on individual business characteristics and is not a hard rule.
What if I have two owners both working in the business?
Add back only ONE owner’s wage when calculating PEBITDA. The assumption is a new buyer will be one person stepping into one owner’s role. If both positions are truly essential, you need to subtract the cost of hiring someone for the second position. Also note: if owners are paid via drawings rather than wages, there’s no wage expense to add back in the first place—the profit already includes their benefit.
At what point do I switch from PEBITDA to EBITDA?
The typical threshold is around $500,000 in normalised earnings, but it’s not just about the number. Consider: Is there management in place? How involved is the owner? What type of buyer will purchase this business? These factors matter as much as the earnings figure.
Will my accountant know the difference?
Many accountants are excellent at tax and compliance but less familiar with business sale valuations. They may default to EBITDA even when PEBITDA is more appropriate. Working with a business broker who specialises in valuations ensures you use the right methodology.
Conclusion
Understanding the difference between PEBITDA and EBITDA is critical whether you’re buying or selling a business.
Key Takeaways:
- PEBITDA = for owner-operated businesses, includes ONE owner’s wage, typically lower multiples
- EBITDA = for businesses under management, excludes owner wage, typically higher multiples
- The ~$500k threshold is where businesses typically transition from PEBITDA to EBITDA valuations
- EBITDA multiples are typically 0.5x to 0.7x higher than PEBITDA multiples due to lower risk (varies by business, not a hard rule)
- Professional brokers calculate both methods to see which produces the best result
- Using the wrong method can cost buyers or sellers hundreds of thousands of dollars
For sellers: Make sure your business is valued using the correct method for its structure and that your broker can position it properly to the right buyer pool.
For buyers: Understand which method was used and recalculate based on how you plan to operate the business. Your ROI depends on matching the valuation method to your intended involvement.
This isn’t something to guess at or DIY. Professional guidance ensures accuracy, maximises value, and avoids costly mistakes.
Ready to Get Started?
Sellers: Register for a complimentary professional business valuation that uses the correct methodology for your business.
Buyers: Contact us for expert guidance on evaluating businesses and structuring offers.
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Australian Institute of Business Brokers (AIBB) Members
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