Bizsmart Business Brokers

A Professional Approach

Buying a Business

Newcastle

Charlestown

Lake Macquarie

 

P O Box 5191

Kahibah NSW 2290

To contact us:

Mal Harrison

Phone:  4943 2976    Fax:  4943 2916

Mobile:  0412 859 539

E-mail: mail@bizsmart.net.au   

Business Brokers

Real Estate Agent

Licence Number 911326

 

API Member

Registered Valuer

Number 6034 AAPI

Business - Hotel - Motel Sales

Business - Property Valuations

Business - Property Appraisals

Business Performance Analysis

Commercial Property Sales

The decision to buy an existing business is not one to be taken lightly. And certainly not a decision to be made in the “hope” that it will prove to be a wise and profitable life move.

 

The “hope” needs to be replaced with belief and this can only come from researching your needs and the history and viability of your intended purchase, understanding what demands the operation of that business will place upon you and being aware of the future potential of that business.

 

Ideally you should be looking for a business that you like and feel comfortable with and one which you can enjoy operating.

 

That’s where we come in

 

At Bizsmart  Business Brokers our focus is finding you just such a business, we may in fact already have one just perfect for you on our database and we help you to look at all the criteria relevant to the business and your skills, likes, budget and your lifestyle requirements.

 

We can do more

 
We don’t just find the business. We can also assist in introducing you to specialist business finance brokers, negotiate and organise lease, assist in the flow of required information between accountants and lawyers and assist you through to the completion of the purchase process.

 

Businesses, regardless of how profitable they may be, are sold for many reasons, divorce settlements, deceased estates, dissolution of partnerships, lifestyle changes, retirement, uninterested family members not wanting to carry on with business and many more.

 

Quite often a moderately successful business becomes a goldmine in the hands of a new owner with fresh ideas, creativity, enthusiasm, energy and a commitment to success.

 

Finance

 

Finding finance, borrowing, to fund the purchase of a business is totally different from taking out a mortgage to buy a home.

 

A business, in most instances, has two different components physical assets e.g. stock, machinery, equipment etc and good will.

 

As a result the true value of a business is a combination of the value of the tangible assets and the value of the good will. As good will is based largely around turnover and profit margins and the status of the business it is not always easy to define and similar businesses in different locations may vary significantly in value.

 

To business lending specialists the purchase must make sense in terms of the serviceability of the loan. For this reason both the businesses and the buyer’s financials are closely scrutinised.

 

Often the buyer of a small business seeking a loan to fund the acquisition must be prepared to make a significant down payment and pledge personal collateral such as a home, in order to satisfy the needs of the lender.

 

Bizsmart Business Brokers can help you with referrals to business lending specialists who are agents for the major banks and financial institutions. These specialists will be able to advise and assist in finding the best method of financing the business purchase