Sydney Business Exchange
Garry Zinner
0416 252309
Gary@sbx.com.au
Business Buyer's Want List
Are you selling your business?
Chemist, Pharmacy, Supermarket, Restaurant, Cafe, Takeaway, Hotel, Motel, Vineyard, Importing, Retail, Newsagent, Tobacconist, Nursery, Bottle Shop, Bed & Breakfast, Franchise, Fruit & Veg, Automotive, Retail, Wholesale, Manufacturing, Liquor Store, General Store and all other types of businesses.
Contact SBX for a business valuation - 02 94394403
Find businesses for sale by region. Simply select from one of the region buttons below.
Australian Business for Sale in the following regions;
Central Coast, Lake Macquarie, Newcastle, Upper Hunter, LowerHunter, Tamworth, Central West NSW, North West NSW, North Coast NSW incl. Port Stephens, Nelson Bay, Great Lakes, Forster, Taree, Port Macquarie, Coffs Harbor, Grafton, Yamba, Ballina, Lismore, Casino
SBX do not specialise, hence, we believe we have the broadest range of Businesses for Sale on the web thus making us Australia's largest on line Business Brokers.
Click Here to register as an interested Buyer
SBX sells more businesses than any other Business Broker in Australia. View our "Buyer's Want List" to see if you have a particular business wanted by our Buyers?
Click Here to register your Business for Sale
Information provided by NSW Gov Small Business - Link
* Find out why the business is for sale.
* Decide whether the type and size of the business fits with your needs, skills and experience, financial capacity and future plans.
* Check the operations of the business, including sales, costs, profits and assets. It is advisable to take independent financial advice from your accountant when reviewing the financial records of the business being considered.
* Investigate the WorkCover claim record of the business.
* Research current and potential competitors. It may be prudent to consider placing restrictions in the sale contract on the future trading activities of the vendor where this is in direct competition with the business you are intending to purchase.
* Inspect contracts for current and future work with customers.
* Review the draft purchase agreement with your solicitor and advise them to carry out all required searches.
* The level of co-operation you receive from the current business owner is one indicator of whether you should go ahead or not.
Checking the Operations of the Business
Sales
* Check monthly and yearly sales patterns.
* Compare sales trends with industry trends.
* Determine if the business is expanding, losing sales or remaining static.
* Value existing stock - ensure that it is not old or unsaleable and that there is sufficient stock.
* Identify the business customer base and percentage of sales from different customers. Check to see if the customers will stay with the business if you purchase it.
* Determine where each of the business products is on their respective life cycles.
* Determine whether you'll be able to increase sales with current resources.
* Find out if you are able to continue to buy from existing suppliers.
* Find out if there are any local developments that may affect trade.
Costs
* Identify all fixed and variable costs and include interest expenses on your borrowings for the business.
* Examine the costs recorded for the business and ensure costs are reasonable.
* Determine whether recorded depreciation costs are reasonable.
* Determine whether you will incur similar costs to the current business owner.
Profits
* Analyse financial records, including balance sheets, profit and loss statements, Business Activity Statements and sales records.
* Determine whether the business generates sufficient profit for a reasonable income.
* Look at effects of increased or decreased sales on your profit.
* Compare gross profits with industry trends.
Assets
* Identify all asset items that you are buying. Refer to an asset register/list, if available.
* Check depreciation schedule for equipment, fixtures, fittings, etc.
* Determine book value, market value and replacement value of fixed assets.
* Identify any current leases for fixed assets.
* Ensure equipment is in good working condition.
* Determine if any equipment is unnecessary for the business or obsolete.
Staff
* Determine whether existing staff will continue employment.
* Identify key staff and review salaries, employment packages and FBT implications.
* Assess any outstanding holiday pay and/or long-service leave liabilities.
Sale of Business and the GST
The supply of a business as a going concern is GST free if the following requirements are met:
* The purchaser and the vendor must both be registered for GST.
* The business is actually for sale with money changing hands.
* The vendor must carry on the business until the day of sale.
* All things required for continued operation of the business must be supplied.
* Both parties must agree in writing that the business is a going concern.
The Purchase Agreement
Decide whether, on the basis of the due diligence conducted and the risks involved, you are comfortable with the purchase price.
Closely review the draft purchase agreement, as well as all the clauses in the agreement. Ensure the purchase agreement:
* details all assets and liabilities to be assumed;
* states when the business is to be taken over;
* states whether the offer is conditional on: