Our Business Sales Process
It’s important to us that you understand the process we’ll go through to sell your hospitality business. We are committed to maintaining the highest level of professionalism, honesty and integrity throughout the business sales process.
Below are the steps we’ll take to ensure your business is sold to the right people, for the best price and in a timely matter.
Step One: Preparation
We’ll help get your business ready to sell. This begins with reducing all unprofitable business components.
- Put everything in the books
- Secure Leases and options
- Organise financial records
Step Two: Financials
Having accurate, up-to-date and verifiable financial records is crucial. Get them produced by a professional accountant. You’ll need:
- 3 years Profit & Loss Statements (if available)
- 2-3 years Business Activity Statements
Step Three: Valuation
It’s important to get your business properly valued by someone in the Business Sales industry – who has extensive experience and understands the local market and hospitality industry.
Step Four: Marketing
We are specialists in marketing businesses. We’ll get your ad in front of the people looking for your business.
- Detailed Information Memorandum
- Advertise on various channels to correct demographic
- Have paperwork ready for a sales contract
Now that you know the 4 steps we use to help sell your business effectively, you can begin thinking about what you need to do to be fully prepared. You can learn more when you meet with our Hospitality Business Brokers to discuss your specific needs.
Ready to take the next step in selling your business?
We’ll help you understand the value of your business and how you can get the best deal by listing with us. Sign up for your consultation now.