Three simple steps to selling your business…
- Get your books and accounts in order and up to date. This should be carried out by a qualified accountant. Include the latest financial year and BAS statements for the current financial period.
- Collate as much information as possible about your business. What makes it special? What is its real potential? Ask your staff their opinion.
- Contact BizBrokers for an accurate appraisal on your business.
Once you are ready to list your business with BizBrokers, you will need to supply the following information:
- The full name of the vendor(s), full registered name of the business, ABN and the Business Name Registration Number (BN).
- Accountant’s profit and loss statement for a minimum of one year (three year’s worth is preferable).
- Copy of the Lease must be sighted with a photocopy of the summary pages for BizBrokers’ reference. If applicable, the same is required for a Franchise Agreement.
- A full list of plant and equipment including fixtures and fittings with the accountant’s depreciation schedule.
- Names, addresses, telephone and fax numbers of accountant and solicitor together with confirmation that they have been notified of our authority to act on your behalf.
- Photocopies of licences, permits etc. together with any Bills of Sale, council/health department requisitions (including an estimated cost of any requisitions).
- A written profile of the day-to-day operation of the business.
- A statement as to why the business is for sale.
- Floor plan of premises.
- A commitment to join the BizBrokers’ advertising program for the term of the appointment to act on your behalf.
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