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Buyers Tips

Finding the right business

Alltype Business Sales

Alltype Business Sales will go the extra distance to find what you are looking for. We endeavour to match your needs to what is available or source the market place for a suitable business. Our extensive database makes this task much easier.

What you should do

We strongly recommend utilising a Business Broker to negotiate any purchase as we have the skills to obtain the necessary information from the seller, negotiate an acceptable price and prepare a business contract. We liase with solicitors and accountants on your behalf. Much of this work is time consuming and onerous.

Choose your Accountant and Solicitor wisely as some may not be suited to providing business advice or conveyancing on business transactions which have complex matters. Your solicitor should only be advising you on the finer points of a contract and the lease and not on the viability of the business. That is your accountant’s role. Bad advice can cost you the opportunity of a lifetime. We deal with a number of reputable accountants and solicitors on a daily basis.

Information check list

  • Obtain current Balance Sheet & Profit & Loss statements.
  • Ask for Business Activity Statements.
  • Peruse a copy of the lease.
  • Obtain staff roster & wages.
  • Ascertain if staff staying on after sale.
  • Get a list of plant & equipment.
  • Determine the level of stock.
This list is not exhaustive and can be expanded on as required.

Financing

Are you a cash buyer or do you need finance? You should talk to your Lender or a Finance Broker to get an indication of what you can afford before you start looking. We deal with a number of Finance Brokers who specialize in commercial lending.

Confidentiality Agreement

Should you require information on any of our business listings we will require completion of a confidentiality agreement. You can access this document from the Browse Menu, complete your details and email or fax the document to us.
 
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