A recent endorsment from the former owners of TJM Albury, sold at asking price:
|Month||Unique visitors||Number of visits||Pages||Hits||Bandwidth|
|Jan 2019||3,552||7,192||20,439||55,878||980.91 MB|
|Feb 2019||4,046||6,319||24,484||83,327||1.51 GB|
|Mar 2019||4,390||9,274||36,873||70,660||982.46 MB|
|Apr 2019||2,949||5,151||18,013||39,122||653.92 MB|
|May 2019||1,934||2,749||12,594||31,186||432.89 MB|
2019 has been a challenging year with the continuing drought, and of course the forthcoming Federal electtion. So we are working harder for sales. Current sales and areas of enquiry include, cafes,hotels, newsagencies, Licensed Post Offices, bakeries, and motels. As a general rule, businesses that generate in excess of $50,000 annually per proprietor are generating the strongest demand.
A clearing sale we conducted in Ardlethan in March this year yielded a 98%+success rate.
We are constantly looking at ways on improving our marketing, and it is definitely working. We are getting committed buyers faster. Finance is always a problem but we feel confident in our solutions there too. And our service area is growing.
Below are a few tips for consideration when you are thinking about selling your business.
When is the best time to sell?
Probably when the business is well established and generating good profits. Always allow a reasonable selling period – typically up to 6 months or even longer.
So what documentation is needed to sell your business?
- Up to date financial statements, including copies of recent Business Activity Statements (BAS);
- A list of equipment to pass with the business, and whether it is encumbered ( i.e. leased/ chattel mortgaged etc);
- A copy of your current lease, or alternatively a proposed rental or sale price for your property;
- If your business is located in Victoria, and its plant & good will figure is less than $450,000, you will also need – at the time of deposit or contract – a vendor’s statement (Sn 52) about the performance of the business. NB This does not apply to licensed premises.