Finding the right business broker is crucial, and it’s important to ask the right questions before making your decision. Here are the top questions to ask your business broker when selling your business.
Deciding when to sell your business is one of the variables that can change the outcome and success of your business sale. With that being said, many business owners put emphasis on this variable, wondering “Is it worth selling my business now? Or waiting until later?”.
With rising interest rates and the state of inflation, it’s not surprising that you’re wondering whether selling your business in today’s economy is wise.
Being the beginning of the year, business owners who are looking to sell may deem it a perfect time to list their business. But is there merit to that assumption? Should you sell your business in January?
Manufacturing businesses can be extremely profitable, but with these high profits come higher overheads and potential risk factors. Many entrepreneurs find themselves pondering this very question, wondering if such a significant investment is truly worthwhile. Well, allow us to shed some light on the matter and help you make an informed decision when you ask yourself, is it worth buying a manufacturing business?
The business sale process requires a great deal of knowledge, expertise & time – which may leave you wondering… “Do I need a Business Broker?”. Let’s find out
When it comes to searching for successful Sydney Business Brokers, experience, skill, attention to detail, transparency, and reliability are vital factors to consider. Meet Core Business Brokers, a distinguished business brokerage with over 85 years of industry experience facilitating business sales in Sydney.
When is the best time to sell your business?. The main driver behind this question is to maximise your profit from the business sale and ensure that your business can successfully operate in the future. This month, we thought we’d discuss this important question, as a strategic approach to maximising value prior to selling your business.
There are three mistakes business owners make before selling their business. These mistakes are common, but the good news is, you don’t have to follow suit! Learn more in our latest blog.
These online businesses have an extensive list of advantages. But it wouldn’t be a Core Business Brokers blog if we didn’t transparently highlight the disadvantages too. So, keep on scrolling to read our list of pros and cons of e-commerce businesses.
An Import/distribution business can represent big markets, large overheads & expenses and high profits. But like any business, there are pros and cons.
Manufacturing businesses can offer tremendous growth opportunities and allow you to enter a previously established market. However, navigating the complex landscape of the manufacturing industry requires careful evaluation and due diligence. Learn more in our latest blog, here!
Buying or selling a service business requires careful planning, preparation and execution. Here are some key steps to keep in mind during the process.
Selling your online / e-commerce business can be a daunting task. but fear not, because the experiencing team at Core Business Brokers is here to guide you through the process.
Selling an import/distribution business can be a complex and significant decision. It’s important to find a business broker who can represent your interests.
Looking to sell your business? Or simply want to become more profitable? Here are our top business tips to increase profitability. Click here to read more…
Buying or selling a business? There may be business sale terms you haven’t heard before. Don’t worry, Core Business Brokers is here to explain them all.
If you’re interested in buying a business in Sydney, look no further than Core Business Brokers. Learn how they can help you on your business purchase journey.
There are many reasons to sell your business. However, the most important reason to sell your business is the one that works for you. Let’s find out yours…
What is a business valuation? And how is it different from a market appraisal? You may have heard these terms floated around during meetings, so let’s explain
Unsure what business you should buy? The motives for buying and selling are different for many, but there are some underlying themes that tend to work for most
With almost 90 years in operation, Core Business Brokers knows the Sydney business market & know the biggest mistakes when selling a business
There are many different types of exit strategies. Also known as ‘succession plans’, they’re an essential planning tool that every business owner should employ.
Goodwill is an important component of a business. Not only does it contribute to the sale price of the business, but it also contributes to a business’ success. You may be wondering “how can goodwill increase business value?” Because goodwill is a combination of intangible assets that come together to strengthen the business and increase profitability.
What does “selling your business as a going concern” mean? We break down this term, the process & the top things to consider when selling your business.
An important step when selling your business is selecting the right profit measure. But how do you know which one is appropriate for your business? You may have heard the acronyms NPBT, NPAT, EBIT and EBITDA floating around, but do you know what they mean? Let’s break down the most common profit measures and when…
The most common mistakes boil down to 2 components; a lack of research and knowledge AND leading with your heart instead of your head. Let’s shed some light on the top 3 mistakes when buying a business.
Have you noticed certain changes in your business lately? Profits starting to plateau, the passion beginning to wane, the work/life balance out of whack, or the net income not making ends meet? It may be time to hand over the reins, but the question is. Are you ready to sell your business?
The Covid-19 pandemic has sent the world into a spin (and not the normal kind!). Industries have declined rapidly across the last 3 years, and on the flip side, others have found their niche and excelled; forming our list of industries on the rise in 2022.
If you’re considering selling your business, you may be wondering… what do buyers look for in a business? By making your business attractive to prospective buyers, you will likely achieve the optimum sale price and the entire business sale process will run more smoothly.
If you’re considering selling your business, have we got the guide for you! We’ve decided to put together a handy business sale guide to assist business owners when entering their business sale journey, particularly if it’s their first time selling a business.
Buying or selling a business? Then you’ve come across the term ‘goodwill’ before. Goodwill can affect the price of a business.But the big question here, is why?
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.
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.
Here at Core Business Brokers, we’ve identified the top 3 mistakes made in business sales, and why they should be considered before the sale process begins.
65% of sales come from existing customers. But how do you create a loyal customer base? Read more as we uncover 8 ways to create loyal customers!
Many factors affect the sale of a business; environment and market conditions, competition, profit and loss… the list is long and variable. But one of those variables worth mentioning today is cash flow. Cash flow can positively and negatively affect a business sale. Why? Let’s first explain what cash flow is…
As the years ticked by, businesses became aware of the power of social media for business sales. Companies great and small had ad campaigns on Facebook and Instagram, LinkedIn was created to cater to a business market and fast forward to now… social media is one of the best business tools you can use today!
nvolved each step of the way. Enter Core Business Brokers. With over 85 years of collective experience in business broking in Sydney, let us guide you on your business sale (or business purchase) journey!
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!
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!
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…
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!
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
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…
With over 35 enquiries in the first 60 days of listing, a suitable buyer was found… then Sydney went into strict lockdown and the arrangement became impossible.
See how we found a way to overcome this impediment with determination and out-of-the-box thinking. Plus read what the Vendor and Buyer had to say.
Due diligence is a common term for investigating and fact-checking legal and financial details prior to a transaction being completed. But what is involved in the due diligence process? Let us explain.
With many businesses experiencing trading restrictions and continuous lockdowns, it begs the question “should you advertise during COVID-19?” The short answer? YES! Let us explain why…
Many business owners are cautious about selling their business during the global pandemic. But it is possible to achieve business sale success during Covid-19.
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!