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We are just entering  the second quarter of FY 2022. 

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.

A recent endorsement from potential  buyers in 2020.”Peter is a lovely and respectful chap to deal with. If you’re looking to purchase a business in the area, he is well worth contacting. Goodness knows what he might have in the books. Very easy and comfortable to deal with. Great with follow up information. Highly recommend Peter.”

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.

Post Author: conrad