Buying Tips

A good business broker will qualify interested buyers, make sure that they are in a position to complete a purchase and are motivated to do so. For that reason it is important that you are in a position to act quickly once you have found the business which suits you. We highly recommend that you speak with you financial institution first to confirm that you have access to the finance you require and once you are pre-approved, it is a simple as finding the right business.

Once you have found that business, your due diligence begins. Items to be reviewed may include;

  • Financial Summaries
  • Plant & Equipment Schedules
  • Leases
  • Supply Agreements
  • Franchise Agreements
  • Operating Systems or Software
  • Products & Inventory
  • Customer Lists
  • Employment Agreements/Staff Schedules
  • Copyright of License Agreements
  • Council Approvals
  • Aged Debtors & Creditors
  • Work In Progress Estimates