LOOKING FOR A BUSINESS FOR SALE? Search hundreds of businesses for sale listings in our extensive database.
We pride ourselves in being specialists, not just sales people.
Benchmark’s accredited business brokers will help you choose from a wide selection of businesses for sale.
If you are after a business for sale, why not start by searching our extensive database of Australian business for sale?
We also recommend you sign up to our weekly business for sale latest listings emails, which are sent as a priority to all of our subscribers.
Benchmark Business Sales & Valuations has business broker ofﬁces throughout Australia.
If you are after a business for sale in Queensland, a business for sale in New South Wales, a business for sale in Victoria, a business for sale in South Australia or a business for sale with ofﬁces Australia wide then talk to us!
Purchasing a Business
The steps to be taken
Gather as much information as possible about the business and the industry which the business operates within. Distinguish fact from opinion. Analyse facts, and decide which opinion you agree with. You cannot agree with all opinion, you need to use the facts to form your own opinions and plans.
A conﬁdentiality agreement (or Deed) protects the parties from misuse of information exchanged in the sale process, and enables free discussion and provision of data under controlled conditions.
This allows the Purchaser to learn more about the day to day operation of the business, and the history of the business, and to conﬁrm the information provided in the Information Memorandum. This is an opportunity to have a look “behind the scenes”, and is conducted by appointment with the business broker in attendance. Occasionally, it is a requirement that a prospective Purchaser should pay a refundable “Expression of Interest” Fee at this stage. This is not common, but some franchisors and Vendors will require such a commitment from prospective Purchasers, and may require the Purchaser to present their “Bona Fides” at this stage.
Before conveying an offer to a Vendor it is necessary that the Purchaser has properly prepared for the acquisition. A separate checklist is provided. Items included are having an entity established, an accountant and solicitor appointed, and ﬁnance in place.
To secure the business, and outline the terms of the acquisition, a simple document is completed and submitted to the Vendor. If accepted by the Vendor, we can proceed to the next step, and if not accepted we use this document to present the Purchaser with a “Counter-Offer”.
When an agreement on terms is struck, and the vendor has agreed to the Purchaser’s Conditional Agreement to purchase the business, a deposit is paid to the Vendor’s agent, and the deposit is held in a Trust Account, until the parties authorise the discharge of the deposit. The deposit is usually $20,000 or 10% of the sale price of the business – whichever is greater. A contract is usually prepared and signed at this point.
Once the Conditional Contract has been signed the parties work together to see if the contract conditions can be satisﬁed. The conditions usually include;
· Finance approval
· Due diligence
· Franchisor or landlord interview and approval
· Lease assignment
As each of the conditions is satisﬁed they will be removed, and when all conditions are satisﬁed, and lifted, the contract becomes unconditional – allowing the parties to proceed with settlement. If conditions are not able to be satisﬁed, the contract can be terminated, and the deposit refunded to the Purchaser.
Once the contract is unconditional, and before the settlement has been effected, there are usually several practical issues to deal with. These may include:
· Franchisor, or Vendor training
· Advising staff, customers and suppliers
· Preparing EFTPOS, phone change, power provider, insurance, signage, marketing, advertising, domain names, business name transfer, etc
Settlement often involves stocktake, adjustment of pre-paid accounts, change ﬂoats, staff entitlements, and a whole range of items. Your Benchmark broker has a checklist of items that they can go through on (or before) the day, to make sure that everything ﬂows smoothly.
About Benchmark Business
Sales & Valuations
Benchmark Business Sales & Valuations is one of Australia’s Largest Business Brokerage, with ofﬁces listing Business for sale Australia wide.
Benchmark is a family owned business brokerage company selling businesses across four states, with over 40 specialist business brokers throughout Australia. Benchmark Business Sales & Valuations has grown signiﬁcantly since being founded by Bruce Coudrey in 1999.
Benchmark has become one of Australia’s largest business brokerages, with over 500 businesses for sale at any time – and a huge database of settled business sales data.
Benchmark can sell your business in New South Wales, Queensland, Victoria or South Australia – with one company. Benchmark is not a franchise, and has been owned by the same family since inception. Operating for over 26 years, Benchmark’s Business Brokers have the expertise to help clients ﬁnd a business for sale or in selling a business.
We have consistently sold more businesses each year, and we have seen our team grow each year, as business owners discover Benchmark’s simple formula to assist people in Selling a Business, or Buying a Business.
At Benchmark Business Sales & Valuations you deal with specialists, not just salespeople.
State of the Market Report
As Australia’s Business Brokers, we have exclusive access to the latest data on Australian business trends. Using this knowledge, every quarter we publish our State of the Market Report – a unique infographic which outlines the latest in business trends.
To access the latest information please click the button below.
Latest Businesses For Sale
IDEAL FAMILY BUSINESS WITH SO MUCH POTENTIAL. IMMACULATE FIXTURES & FITTINGS. […]$365,000 Brisbane
Cafe and bar located in a trendy inner city suburb, very popular with locals, has developed a very strong following with...$165,000 Brisbane
This Service Station Road House & Newsagency Complex for sale, is a freehold property & business with multiple streams o...$1,800,000 Skipton
CAFE BAKERY PRICED AT ENTRY LEVEL – BURPENGARY......Entry level price of $64,000 Plus SAV […]$64,000 Burpengary
In the right hands this mobile car detailing business could easily earn $2000 - $6000 per week concentrating on the pain...$49,000 Gold Coast
Location is key for any business. This one shares it's premises with a 24/7 service station, so whilst people get fuel e...$235,000 Gold Coast
Beauty and Skin Clinic Salon For Sale Inner East Melbourne. Stunning salon and very Profitable. Arguably one of the best...$450,000 Melbourne
THIS IS A MUST SEE! Fully Managed Beauty Salon - Inner North Melbourne, Stunning Salon and Profitable. […]$169,000 Melbourne
Attention all beauty salons owners. This unbelievable day spa for sale is being offered at fitout cost only! […]$40,000 Melbourne
This beauty and skin clinic for sale is one not to be missed and is a MUST SEE. Arguably one of the most stunning beauty...$77,000 Narre Warren South
INFORMATION TO HELP YOU SELL OR BUY A BUSINESS
We have developed a couple of powerful ebooks, packed with tips and recommendations to help you sell or buy a business.
Simply fill out the form below for instant access.