Buying A Business

Thinking about buying a business?


There are a few things needed to ensure the process goes smoothly.


  • First, research the business interested in purchasing, as well as the industry it's in. This will give you a better understanding of the potential risks and rewards involved in the purchase.
  • Make sure it's a good fit too. Financials aside, can you see yourelf in this business for the next 5 years?
  • Next, get a clear idea of what you are willing to pay for the business, and have the financial resources in place to make the purchase.








Assuris Financial Independence Group




Before You Buy an Existing Business in Australia, Consider Professional Advice.

















Ask yourself the hard questions now, before you take the plunge.

 
Starting your own business is a big decision, and it's important to make sure you are prepared for the challenges and opportunities ahead.

There are many things to consider before taking the plunge.
    

  • Do you have the right skills and knowledge?
  • Are you financially prepared?
  • Do you have a solid business plan?
  • Are you prepared to work long hours and make sacrifices?
  • Do you have the financial resources in place to get started?
These are just a few questions that need to be asked.

Remember, running your own business is a journey.

Assuris FIG business accountants would love to hear your story, dreams and aspirations.




Professional advice gives options.

 
Contract of Sale, Section 52 and Business Valuations documents are important - legal documents that commonly form part of the business purchase process.

A team of experts is needed to help you with the purchase, including:
  • A lawyer,
  • An accountant and possibly,
  • A business broker.

This team will help negotiate the purchase price and terms, as well as conduct due diligence on the business. Once an agreement is reached on the purchase price and terms, the necessary financing may need to take place.

The next step is to reach out to the business owner and start negotiations. Once purchase terms are agreed, your team of professionals will help finalise the deal.

Assuris FIG business accountants can help you through the process.

Familiar with the process of business acquisition, information is collected and presented so you can make a considered decision.

Contact us today to get started.















Look past the glossy brochure!

 
When looking at business opportunities, buying a franchise can be a great option.

It is important to do research and understand what you're getting into before making any decisions.

Here are a few things to keep in mind when considering buying a franchise:
    

  • Make sure you understand the franchise model.
  • What are the franchisor's expectations and what are you responsible for?
  • Review the Franchise Disclosure Document carefully.
  • Consider the franchisor's level of support and training available.
An important consideration is the franchisor's track record. Make sure to look into the franchisor's history to see how successful they've been in the past.

Asking other franchisees about their experiences with the franchisor will provide better clarity.

Have more questions, contact us, we are here to help.


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