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How do I sell my business in Australia?

How do I sell my business in Australia?

Sell your business

  1. Make sure selling is the right decision.
  2. Decide whether to use professionals.
  3. Decide what’s for sale.
  4. Value your business.
  5. Find buyers for your business.
  6. Negotiate the sale.
  7. Prepare the contract.
  8. Take care of your employees.

How do I find a company’s broker?

One of the most common ways to find a broker is through local referrals. See who’s listing businesses in your area and then discreetly verify their qualifications through your industry contacts. The trick is to get the information you need while maintaining a low profile prior to the sale.

Who is the largest business broker?

Transworld is one of the world’s largest business brokerage franchises with over 40 years of experience helping buyers and sellers to meet and complete their business transactions. They have sold over 10,000 business through their network of more than 500 brokers who work as franchises of the firm all around the world.

What is the rule of thumb for valuing a business?

The most commonly used rule of thumb is simply a percentage of the annual sales, or better yet, the last 12 months of sales/revenues. Another rule of thumb used in the Guide is a multiple of earnings. In small businesses, the multiple is used against what is termed Seller’s Discretionary Earnings (SDE).

Do you need a broker to sell a business?

If you’ve decided to sell your small business, you’ll need help. Many owners retain the services of attorneys and CPAs to provide expertise during the sale process. While some founders hire business brokers, others are able to successfully sell the business without a broker’s help.

How much is my business worth?

For a simple business asset valuation, add up the assets of a business and subtract the liabilities. You might want to use a business value calculator to do this. So, if a business has $500,000 in machinery and equipment, and owes $50,000 in outstanding invoices, the asset value of the business is $450,000.