We are well into 2023 and things are picking up strongly. Hospitality businesses are probably the most consistent performers.
We have “deals” on 4 cafes, a Home Improvements business, a Tyre & Exhaust retailer, a motel, Licensed Post Office, and more
Best areas of demand are: Businesses that make over $100K for the proprietor, and with strong assets, which in turn makes funding more straightforward.
There is still a market for micro businesses, but we need good records or very good asking prices.
Our clients are offered a multi level marketing solution:
1.5 websites, including this one
2.Social Media exposure
3.Direct mail to persons of influence and our subscription database of enquiries.
4. Newspapers.
When is the best time to sell?
Below are a few tips for consideration when you are thinking about selling your business.
Probably when the business is well established and generating good profits. Always allow a reasonable selling period – typically up to 6 months or even longer.
Stats for January 1 1 to September 28, 2021 below:
| Month | Unique visitors | Number of visits | Pages | Hits | Bandwidth |
| Jan 2021 | 3,447 | 7,432 | 35,955 | 454,374 | 25.13 GB |
| Feb 2021 | 3,357 | 5,437 | 25,550 | 452,772 | 25.35 GB |
| Mar 2021 | 4,256 | 8,752 | 39,422 | 506,282 | 28.01 GB |
| Apr 2021 | 3,737 | 6,705 | 34,987 | 486,991 | 26.87 GB |
| May 2021 | 6,106 | 10,039 | 72,916 | 304,304 | 13.89 GB |
| Jun 2021 | 6,480 | 12,430 | 77,600 | 272,385 | 11.84 GB |
| Jul 2021 | 7,774 | 17,270 | 61,664 | 289,386 | 13.89 GB |
| Aug 2021 | 7,031 | 16,666 | 34,159 | 208,775 | 10.61 GB |
| Sep 2021 | 6,599 | 13,997 | 21,168 | 204,240 | 10.99 GB |
So what documentation is needed to sell your business?
- Up to date financial statements, including copies of recent Business Activity Statements (BAS);
- A list of equipment to pass with the business, and whether it is encumbered ( i.e. leased/ chattel mortgaged etc);
- A copy of your current lease, or alternatively a proposed rental or sale price for your property;
- If your business is located in Victoria, and its plant & good will figure is less than $450,000, you will also need – at the time of deposit or contract – a vendor’s statement (Sn 52) about the performance of the business. NB This does not apply to licensed premises.
