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Franchising in Australia Think about where you’ve shopped recently; the chances are you’ve spent money with at least one franchise, probably more. Franchising is big business in Australia and for many, the only way to buy their own business. Likely contender for the title, Queen of Franchising, Janine Allis says “you are three times more […]

Putting a value on a business doesn’t only come down to dollars and cents – at least as far as Jim Penman is concerned. As the founder of Jim’s Mowing – now a hugely successful, multi-million-dollar company – Jim knows it’s not all about the money. Jim also knows that everything is relative. When he

The word ‘value’ is multi-faceted and when it comes to your business, several interpretations of that word applies. However, traditional financial institutions don’t always see value in the same way as the business buyers and sellers. ‘Value’ has a monetary meaning – determining how much something is worth. However, something can be valued because it

If you’re selling or planning to sell your business, it makes sense that you want to get the very best price. We asked Mark Hamilton, Director, Bentleys Newcastle for some tips to help you. Mark began by quoting respected author, Steven Covey, who said “begin with the end in mind”. “This is great advice to

To sell any business successfully – and get the best result in the shortest time – it’s crucial to have the business professionally valued. Every business is different, of course, and finding the right formula is paramount, especially when it comes to selling an accounting practice. Mark Attard of Xcllusive Business Sales explained that there

It is almost inevitable that in most business sales, the vendor will make representations or statements to the purchaser to attract their interest and present the business in the most favourable way. These representations can be spoken, supported by written material such as financial statements and records and can be made by the vendor, its

Don’t wait until your business is on the market to do your due diligence. If you do it early, you’ll know what potential buyers are looking for and that will help you sell your business quicker, for the best price. That’s the advice from David Irwin, Client Director of Kelly+Partners Inner West. “The earlier a

Online businesses are booming. In January 2019, ecommerce was responsible for 9% of Australia’s total retail sales. By the end of 2019, it’s expected that online businesses will experience revenue growth of over 15% (Statista). It makes sense, then, that we are also seeing an increase in the number of online businesses for sale, some

Now’s the Time to Buy That Tourism Business Those looking to escape the grind and buy their own business are often drawn to the tourism industry, and it’s easy to see why. In most cases, no special skills or qualifications are required, and you can utilise existing skills, such as customer relations, marketing, retail and