Selling a business

Looking at selling a business? Core Business Brokers are here to help guide you through your exit. We’ve had the experience of selling hundreds of businesses – but we are able to treat you and your business as the individual sale it is.

How can Goodwill Increase Business Value?

How can Goodwill Increase Business Value?

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. 

Selecting the right profit measure

Selecting the right profit measure

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…

A BUSINESS SALE GUIDE

A BUSINESS SALE GUIDE

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.

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!

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

A guide to selling your business

A guide to selling your business

So, you’ve decided to sell your business. You want to change your lifestyle, spend more time with your family, grow your wealth in a completely different direction… Whatever the reason – selling your business is the means to get there. But you’ve never done this before! So where do you start?
Here’s a handy guide to selling your business from the start to the very end (or shall we say, ‘new beginning’.)

Assessing your business through your client’s eyes

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.

Why use a business broker?

Why use a business broker?

In a world full of DIY options, ‘do it yourself’ business buying and selling sound appealing to the ever-learning, multi-tasking business owner that you are. You’ve managed to establish and grow a business of your own, maybe from scratch, maybe from one that was previously showing little profit! Either way, you’ve got this… right? Unfortunately, no. We hate to be so blunt, but there is a reason why Business Brokers exist. Actually, there are many reasons! Let’s outline a few to break the ice.

Can Your Business Work Without You?

Can Your Business Work Without You?

As part of your succession planning, ensuring your business can operate and succeed without you involved in the day-to-day activity is essential. This allows for better work/life balance whilst also proving to potential buyers that the business can easily be transferred from owner to owner, without disrupting operations and profitability thereby ensuring that the goodwill…

The Importance of a Non-disclosure Agreement

The Importance of a Non-disclosure Agreement

A non-disclosure agreement otherwise known as a confidentiality disclosure agreement or NDA/CDA, is a legally binding document that safeguards business owners during the sale of their business. When selling a business, part of a potential buyer’s due diligence is to investigate your business from a to z; examining profitability, financial statements, staff rosters and often…

What is ‘Goodwill’?

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…

The Importance of Intangible Assets

The Importance of Intangible Assets

According to business sales data (BIZSTATSTM) approximately 60% of a business sale price is allocated to intangible assets. This figure varies greatly from business to business, however, the value of intangible assets in a modern age is increasing. Let us explain. What are ‘intangible assets’? Intangible assets are assets that don’t physically exist. I.e. They…

Valuation vs. Appraisal – Which One Do I Need?

Valuation vs. Appraisal – Which One Do I Need?

When you approach the end of your business ownership journey and are preparing to sell, you need to determine the market price of your business. A business’ market price is dependent on current market conditions, it’s history of success & profitability, future profit forecasts, goodwill, stock, assets and much more. Determining the ‘value’ of your…

Building a Business Worth Selling

Building a Business Worth Selling

Building your own business takes years of sacrifice, hard work and often delayed earnings. Selling your business for the right price, is a chance to reap the substantial rewards for your years of hard work and associated risks. Key things to think about when starting your business Structure – Getting the business structure right could…