The Australian Institute of Business Brokers (AIBB), the peak industry body representing Business Brokers, has received confirmation from the office of the Queensland Department of Justice and Attorney-General regarding its complaint against Macquarie Commercial and Business Sales Pty Ltd (Macquarie) for an alleged conflict of interest between Macquarie Commercial & Business Sales Pty Ltd and [...]
You have decided to sell your business and found a potential buyer but there is one large hurdle you need to get over – obtain the landlords approval for your buyer. Many business owners forget your landlord is in the business of collecting rent on their investment with the least amount of risk and effort [...]
If you are buying your first business it can be daunting not knowing what information you should receive, questions you need to ask and how you get to the end game of buying the business. Brindabella Business Brokers deals with many first time business buyers and whilst we act for the seller, we know the [...]
You have been looking for 6 to 12 months now and you have found the business you want to take the next step and make an offer on. However, before you can make an offer you need to ensure you can borrow the funds to acquire the business. This is when time cannot move quick [...]
When Brindabella Business Brokers sells a client’s business, the one comment we always receive is why do we need to provide so much information upfront. Some of the items we ask for are 5 years of financials, leases, plant and equipment inventories, staff rosters, further capital requirements, franchise agreements, add backs, items not accounted for [...]
One of Warren Buffet’s sayings is “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price”. A good example of this is when you go to the supermarket to buy some steak. The budget steak is $10/kg and the good steak is $35/kg. You buy [...]
When you are looking at buying a business, financials only tell 50% of the business story. It is important you are giving attention to all the other factors that will influence you buying decision. Financials are straight forward, but like any game of sport, you are only as good as your last game. Therefore buyers [...]
When you are selling your business, the more sets of financial statements your business has prepared by an accountant, the better. It will help demonstrate how strong your business has traded and if there have been difficult years – providing you can explain it and how the difficult years were addressed, buyers will be confident [...]
Any business buyer who is looking at buying a business needs to understand what the owner currently does in the business. The business buyer wants to know the hours they work and what functions they perform. An easy example is a chef in a restaurant. If the chef is the owner of the restaurant, the [...]
When you are selling your business, the more sets of financial statements your business has prepared by an accountant, the better. It will help demonstrate how strong your business has traded and if there have been difficult years – providing you can explain it and how the difficult years were addressed, buyers will be confident [...]