Buying a business

Are you contemplating buying a business. If you are you need to talk to us right away. 

You need to know the values of the type of business you are considering purchasing.   It would be crazy to buy a business for say $350,000, if it was only actually worth $150,000. It sounds as though it would never happen, but believe it or not it does, everyday in many countries around the world.

There are many factors that you need to consider when buying a business. There are factors such as effects on your family life, your financial commitment (money borrowed and working capital) as well as  business experience and knowledge.  talk to us now to discover how to avoid the many pitfalls of business and a checklist of factors to consider before you jump into business.

Buying a business is like a property investment. A business valuation is absolutely essential as you then know that you are actually buying a business at the right price and and you are starting off on the right basis.  If you pay too much at the beginning, you have a real problem trying to catch up to get your money back when you sell.

A good idea is to have an initial business valuation and then factor in the growth, to project what the business will be worth if you made various changes.  In this way, you avoid letting your emotions of just being in business get the better of you and cause you serious financial problems.

Call us now on 03 9832 0900 for a free, no obligation consultation to discuss your business plans and let us help you make some great decisions.