Business Broker Tips

We’ve been doing this a very long time. We’ve seen a lot of businesses sell well and those that needed some help to be ready for sale. Here are out tips on successfully exiting (and entering) a business.

Buying a Business FAQs

Buying a Business FAQs

Buying a business can be a time consuming and intricate process, especially if you’re entirely new to the process! So this month we thought we’d address some of the top ‘Buying a Business FAQs’ we get asked here at the Core Business Brokers Sydney office.

The pros and cons of online businesses

The pros and cons of online businesses

Thinking about buying (or potentially creating) an online business? E-commerce businesses are everywhere in 2022, and for good reason. They’re cheaper to establish, have a range of growth options and allow the owner a chance to establish the work-life balance of their dreams. But are online businesses all smooth sailing?

Here at Core Business Brokers, we wanted to break down the pros and cons of online businesses, to allow you to make the best possible decision when it comes to entering the market.

Stock sale VS. Asset Sale: What’s the difference?

Stock sale VS. Asset Sale: What’s the difference?

In the world of business sales, there are many options when it comes to buying and selling. Two of these options are stock (also known as shares) sales and asset sales. These two types of business sales are commonly experienced by businesses acquiring other businesses (or part of them), mergers and more. But when it comes to stock sale VS. asset sale, which type suits your goal? Let’s find out!

What makes a successful business owner?

What makes a successful business owner?

Success means something different to each individual. For some, it may mean earning enough to save a particular amount on top of your weekly wage in order to afford a holiday each year. For others it may mean enjoying going to work every day, being content with making financial ends meet. 

Regardless of your definition of success, let’s find out what makes a successful business owner in our latest blog!

Liquidation and Administration – What’s the Difference?

Liquidation and Administration – What’s the Difference?

When a company enters insolvency, there’s a few roads they can venture down before closing the business for good. Two of these options are liquidation and administration – but what’s the difference between the two?  Although not something we deal with here at Core Business Brokers, our goal is to always educate our business owners…

How to choose the right business

How to choose the right business

Buying a business is a big decision. For many, it’s a once-in-a-lifetime moment that they spend years (and years!) contemplating. The thought of being your own boss, making an impact on your customers and reaping the rewards of your hard work are generally the drivers in deciding to buy. But most people come to a halt when it comes to one thing… How to choose the right business!

Should you sell your business after its most profitable year?

Should you sell your business after its most profitable year?

A question we hear frequently here at Core Business Brokers, is “When is the best time to sell my business?” Now, there is no black and white answer to this question. However, the best time to sell your business, is when your business looks the most attractive to potential buyers. Does that mean you should sell your business after its most profitable year? The short answer is “yes”. Let us explain

Is GST payable on the sale of a business?

Is GST payable on the sale of a business?

According to the Australian Taxation Office, GST is “Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia.” However, there are certain situations where goods and/or services are GST-free, and others are GST-exempt. The big question is, will a buyer incur GST on a business sale? Let’s explain…

Buying a Business VS. Starting From Scratch

Buying a Business VS. Starting From Scratch

Want to be your own boss, work for yourself, establish a business and watch it grow? Then you’ve probably asked yourself this question already… Should I buy a pre-existing business or start from scratch?
It’s a valid question and an important one at that – as there are pros and cons to consider for each option. So, make things a little easier to digest, we figured it best to break them down for you!