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When you decide to sell your business, for whatever reason, you will need to take the time to plan an exit strategy in order to get the best return on your investment. Most business owners find the process more gruelling than they might have anticipated.
This section will help you plan the sale of your business, providing a perspective on the expectations you might have and those of your potential buyers. You'll also find information to help you to price the business. Your obligations to employees and a requirement to notify government are also discussed, as well as how to find buyers, market the business and improve your chances of a profitable sale.
A range of questions you could ask to work out if you are ready to sell, and the planning process for selling a business – why, what, who and when.
Describes the value of a fresh coat of paint and improving the physical aspect of a business prior to putting it on the market, as well as fixing up any liabilities that could have an adverse impact on the sale.
To ensure you are valuing your business appropriately, understand the various accounting methods for valuation of current and non-current assets in a business and the impact of leasing equipment and assets.
Describes the different perspectives of sellers and buyers of a business and marketing strategies to maximise sales opportunity.
Setting the selling price for a business is one of the hardest things business sellers have to do. There are various approaches to valuation. Getting help from an independent business valuer or broker can make the process easier.
Outlines the legal and financial paperwork and statutory requirements for selling a business in Victoria, including the Vendor's Statement.
The value of employees in the sale of a business, what records you will need to organise and legal obligations.
Describes ways of finding buyers for a business and strategies for marketing the business.
