2024 is now well underway with settlements as late as 28 December in 2023. In the first week of February, we have 6 deals under way, an excellent start.
We saw just under 64,000 unique visitors to our site in 2023
Our clients are offered a multi level marketing solution:
- 5 websites, including this one
- Social Media exposure
- Direct mail to persons of influence and our subscription database of enquiries.
- 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 this year so far below:
Month | Unique visitors | Number of visits | Pages | Hits | Bandwidth |
Jan 2024 | 7,611 | 19,916 | 44,674 | 172,890 | 2.79 GB |
Feb 2024 | 2,771 | 5,055 | 7,365 | 54,571 | 985.26 MB |
Total | 10,382 | 24,971 | 52,039 | 227,461 | 3.75 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.