How Goodwill Impacts a Business Sale
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
Buying a business? Not sure where to start or how to negotiate? Core Business Brokers are a team of professional Sydney brokers that can provide you with personalised advice on what to look for to find the perfect business for you – or to be your buyers agents and negotiate the purchase of a business for sale.
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
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.
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!
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!
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…
What is due diligence?
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.
Business Sale Success During Covid-19
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.
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!
Assessing your business through your client’s eyes
When we spend most of our time working “in” our business, innovating, fixing problems, creating new ways to be profitable, managing staff, dealing with clients – it’s hard to zoom out and see what our client’s see. But this is the most important perception when it comes to analysing and assessing your business and then be able to work “on” the business.
Buying and selling during a recession
COVID-19. A pandemic that became a daily topic since early 2020 has rocked the world. Now, in 2021, we are still under the firm grasp of COVID but what does that mean for our business?
Business Broking – Myth Buster Edition
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Valuations in a Covid-era
The pre-COVID methods of valuing a business affected in these times, needs re-thinking. So how do you value a business in this covid-era? Let us explain
What is ‘Goodwill’?
According to the Oxford Dictionary, Goodwill is: “The established reputation of a business regarded as a quantifiable asset and calculated as part of its value when it is sold.” What does that mean when we talk about business? A business’ goodwill can be viewed somewhat as their reputation. Goodwill isn’t a tangible asset. Although it…
Why Buy a Business?
There are many reasons to purchase a business and depending on who you ask, those reasons rank differently because your motivation behind buying a business ultimately comes down to what you want in life. Is it profits? Freedom? Alongside the potential risk and the hard work involved in owning your own business, owning your own…
Understanding Put and Call Options in a Business Sale
Put & Call Options are normally associated with the purchase of shares in a company when the current owner agrees to sell a portion of the shareholding in the business to a new Buyer, while agreeing to remain as a working shareholder in the business for an agreed period of time and on agreed terms….
Sale of Shares Vs Business Sale; Which Is Best?
Buying a business can be an intricate and in-depth process. There are many ways a business can be bought, sold or the ownership divided between several parties. A business sale occurs when a business is sold in full, allowing full ownership to be transferred from the previous owner to the buyer. In cases where the…
Understanding the Business Sale Process
You’ve decided to sell your business, but this terrain is unfamiliar. What is involved? Who should you contact? What does the process entail? In a business sale, there are many factors to consider, so we decided to outline the process, allowing you to begin your business sale journey with a better understanding of the steps…
Making an Offer for a Business
Making an offer for a business can be a daunting process. Please read the below on how to make an offer and what you need to keep in mind before making the offer. Before Making an Offer The buyer should make sure that their finance is in place before an offer is made. When buying…
What is the Normal SALES process?
Each business sale will vary however below is a Typical Sales Process Guide. Enquiry A potential buyer enquires about the listing seen on either the Core Business brokers web site or the other paid web sites included in the marketing of the business. Once a confidentiality agreement is signed and completed a business profile is provided….