by theEmother | Sep 19, 2014 | buy | sell websites, BUY a Business, Buy a Mother of a Business, EXIT execution, exit strategy, Finish Unfinished Business, growth by acquisition, how to sell a business, Sell Your Business, SELL your Mother of a Business, Sellability Score, so you think you're in business, start with the end in mind, TEMpting
How Saleable is Your Business in 2014?
How Saleable do you want Your Business 2014?
What are you waiting for? GET YOUR SCORE…
WANTED: BUSINESSES TO SELL!
Why, because we have buyers!
Yesterday I attended a funeral of a mother of a dear friend of mine.
Always of time of sadness and reflection…
Given the amount of grief experienced again today, I can’t help thinking about the poor families of business owners who have not done anything about their business affairs before they fall off the mortal coil, leaving it to their family to clean up. “Take me out in a box”, they say.
SO NOT SMART OR FAIR.
With the family grieving, the last thing they want to have to deal with is a business they most probably have no interest in. Lets face it, if they were going to be interested, they would have done so well before the fateful day. And the longer the business is left without being tended will mean the value drops away at a fairly rapid rate. Not good for selling purposes, at all.
Seriously, do something about the business before the owners are gone.
If you cannot, then call a broker just as soon as you can and have them get it sorted for you as soon as possible.
As the business probably forms part of the estate, the sooner it is sold the better the outcome will be for all, financially at least.
GOT A WEBSITE FOR SALE?
If you want to sell a website or you’re looking to buy a website (excellent bolt-on possibilities), please email me at dhall@businessbrokers.com.au
If any of the following tickle your fancy, please email me at dhall@businessbrokers.com.au, letting me know which one it is…
FOR SALE…
BS53 Balloons! and all that goes with them…
In the process of shutting this one down, unfortunately.
BS59 Niche Service Provider in Building Trade
via Sellability Score.
Waiting on the 2014 numbers done and then it’s good to go to market. Owner on holiday!
BS60 Advertising and Events agency
(via Sellability Score)
New premises locked in. Design of fit out done. Revenues increasing all the time. Excellent buy waiting to be snaffled up.
BS72 Niche Bookseller and Training Provider
The owner has changed their mind. Sadly, it looks like this will be taken off the market…
Training provider
Due diligence happening now.
3 meetings/phone calls next week:
- spa therapies (waiting on information)
- software provider (waiting on meeting date)
- drinks (waiting on information)
Exploring the Sale Option?
GET YOUR SCORE…
Onwards and Upwards!
by theEmother | Sep 12, 2014 | build a Mother of a Business, BUY a Business, Buy a Mother of a Business, EXIT execution, exit strategy, Finish Unfinished Business, growth by acquisition, how to sell a business, Sell Your Business, SELL your Mother of a Business, Sellability Score, so you think you're in business, start with the end in mind, TEMpting, the business model
How Saleable is Your Business in 2014?
How Saleable do you want Your Business 2014?
What are you waiting for? GET YOUR SCORE…
WANTED: BUSINESSES TO SELL!
Why, because we have buyers!
This week, Hurst Partners – Business Brokers ran another of our “How to Successfully Buy a Business” roundtable workshops (as discussed here). What a pleasure it was to co-facilitate to!
The points covered:
- is Business Ownership for you?
- how do you know?
- what type of business?
- starting vs buying
- overview of the Business Transaction process
- price vs valuation
- using professional advisors
What became clear to me was how much we, at Hurst, know and how much of that information we don’t get credit for.
We’ll have to do something about that now won’t we!
GOT A WEBSITE FOR SALE?
If you want to sell a website or you’re looking to buy a website (excellent bolt-on possibilities), please email me at dhall@businessbrokers.com.au
If any of the following tickle your fancy, please email me at dhall@businessbrokers.com.au, letting me know which one it is…
FOR SALE…
BS53 Balloons! and all that goes with them…
In the process of shutting this one down, unfortunately.
BS59 Niche Service Provider in Building Trade
via Sellability Score.
Waiting on the 2014 numbers done and then it’s good to go to market. Owner on holiday!
BS60 Advertising and Events agency
(via Sellability Score)
It’s all happening! Moving premises and renegotiating terms and opening in another state see this growing whilst on the market.
Paves the way for an even better business to buy.
BS72 Niche Bookseller and Training Provider
The major contender has a meeting with the Bank, so hopefully all goes well. Expect to hear next steps early next week.
Training provider
An offer has been structured and signed, so it’s all systems go.
3 meetings/phone calls next week:
- spa therapies (waiting on information)
- software provider (waiting on meeting date)
- drinks (waiting on information)
Exploring the Sale Option?
GET YOUR SCORE…
Onwards and Upwards!
by theEmother | Sep 11, 2014 | BUY a Business, Buy a Mother of a Business, Finish Unfinished Business, growth by acquisition, so you think you're in business, start with the end in mind, the business model
“matching Buyers and Sellers”
Today, we ran another of our “How to Successfully Buy a Business” roundtable workshops. What a pleasure it was!
The points covered:
- is Business Ownership for you?
- how do you know?
- what type of business?
- starting vs buying
- overview of the Business Transaction process
- price vs valuation
- using professional advisors
Not only did we do a great job (even if I say so myself) but the conversation around the topic was also of a high standard. With a mix of first-time buyers, accountants, financial planners and bankers in the room, it made for not only an enjoyable session, but one where the level of awareness has now increased significantly.
The key now is to assist them in executing on what they now know…
Some of the feedback:
“Would you refer this workshop to your friends and family?” all answered YES
“Really good presentation”
“Good mix in audience”
“Really good workshop”
Got to love that kind of feedback!
If you want to know more and/or join us at the next one, please email me at dhall@businessbrokers.com.au
by theEmother | Sep 4, 2014 | BUY a Business, Buy a Mother of a Business, EXIT execution, exit strategy, Finish Unfinished Business, growth by acquisition, how to sell a business, Sell Your Business, SELL your Mother of a Business, Sellability Score, so you think you're in business, start with the end in mind, TEMpting, the business model
How Saleable is Your Business in 2014?
How Saleable do you want Your Business 2014?
What are you waiting for? GET YOUR SCORE…
WANTED: BUSINESSES TO SELL!
Why, because we have buyers!
Next week, we’re running a workshop “How to Successfully Buy a Business” for first time business buyers. Ideally it will be fabulous to practice of live stock, but case studies might just have to do… for now!
Had a great lunch today, with 39 fellow service providers to the SME market. The beauty was that I was the only Broker (along with one other Valuer) as there are not too many of us that actually have experience in selling. I have already set up a number of business discussions for next week. Excellent.
Only this week the AIBB Small Business Sales Index for June 2014 indicated it’s a Buyers market. However, I’m not sure how that’s going to play out if there’s no stock to offer them to buy.
Interesting times…
GOT A WEBSITE FOR SALE?
If you want to sell a website or you’re looking to buy a website (excellent bolt-on possibilities), please email me at dhall@businessbrokers.com.au
If any of the following tickle your fancy, please email me at dhall@businessbrokers.com.au, letting me know which one it is…
FOR SALE…
BS53 Balloons! and all that goes with them…
In the process of shutting this one down, unfortunately.
BS59 Niche Service Provider in Building Trade
via Sellability Score.
Waiting on the 2014 numbers done and then it’s good to go to market. Owner on holiday!
BS60 Advertising and Events agency
(via Sellability Score)
It’s all happening! Moving premises and renegotiating terms and opening in another state see this growing whilst on the market.
Paves the way for an even better business to buy.
BS72 Niche Bookseller and Training Provider
3rd Meeting with Board members happened. Decision made. Now determining how to make it happen financially. Now, a couple of private buyers are surfacing also. Who will win? who knows.
Training provider
4 interested parties. Decisions to be made. One offer received and rejected. Another appears be swooping in last minute but keeps phaffing about. The wanted one has been contacted again to see if a structured deal can be created. Decision will be made by end of week though.
3 meetings/phone calls next week:
- spa therapies
- software provider
- drinks
Exploring the Sale Option?
GET YOUR SCORE…
Onwards and Upwards!
by theEmother | Aug 29, 2014 | BUY a Business, Buy a Mother of a Business, EXIT execution, exit strategy, Finish Unfinished Business, growth by acquisition, how to sell a business, Sell Your Business, SELL your Mother of a Business, Sellability Score, so you think you're in business, start with the end in mind, the business model
How Saleable is Your Business in 2014?
How Saleable do you want Your Business 2014?
What are you waiting for? GET YOUR SCORE…
WANTED: BUSINESSES TO SELL!
Who knew I’d be actively asking for Business Owners looking to sell to come forth?
I have buyers ready to buy but the sellers seem to be hanging on that little bit longer.
Sure, there is always the more churn type businesses around, like cafes and shops, but businesses of quality in my niche (i.e. Online and Professional Services) have seemed to stopped exploring the sell option… for the time being.
Only this week the AIBB Small Business Sales Index for June 2014 indicated it’s a Buyers market. However, I’m not sure how that’s going to play out if there’s no stock to offer them to buy.
Interesting times…
GOT A WEBSITE FOR SALE?
If you want to sell a website or you’re looking to buy a website (excellent bolt-on possibilities), please email me at dhall@businessbrokers.com.au
If any of the following tickle your fancy, please email me at dhall@businessbrokers.com.au, letting me know which one it is…
FOR SALE…
BS53 Balloons! and all that goes with them…
In the process of shutting this one down, unfortunately.
BS59 Niche Service Provider in Building Trade
via Sellability Score.
Waiting on the 2014 numbers done and then it’s good to go to market. Owner on holiday!
BS60 Advertising and Events agency
(via Sellability Score)
It’s all happening! Moving premises and renegotiating terms and opening in another state see this growing whilst on the market.
Paves the way for an even better business to buy.
BS72 Niche Bookseller and Training Provider
3rd Meeting with Board members happened. Decision made. Now determining how to make it happen financially.
Training provider
4 interested parties. Decisions to be made. One offer received. Another appears be swooping in last minute. Decision will be made by end of week though.
Exploring the Sale Option?
GET YOUR SCORE…
Onwards and Upwards!
by theEmother | Aug 26, 2014 | buy | sell websites, BUY a Business, Buy a Mother of a Business, growth by acquisition, how to sell a business, Sell Your Business, SELL your Mother of a Business
AIBB Sales Index_June 2014
Not surprisingly negative speculation in the media prior to the Federal Budget being tabled in May and the inability of the Government to sell its budget message has caused a loss of confidence in the marketplace for SME sales during this Quarter. The bump in optimism following the 2013 Federal election has been replaced with the ‘Budget Blues’, however, sales of Small Businesses are still occurring in spite of the fact that sales prices paid for businesses seem to be dropping.
“Whilst market conditions for business sales have deteriorated from those experienced before the Federal Budget was tabled, we believe the market will adjust over time to the new reality and provided overseas events stabilise it should be business as usual. If conditions deteriorate overseas then business sales pricing will fall as business confidence fades and vendors will need to ‘follow the market down’ if they want to sell” said Paul Nielsen, AIBB Vice President and Deputy Chair of COSBOA.
‘Unsolicited Offers’ have overtaken ‘Retirement’ as the primary reason for Sellers seeking a sale indicating that Buyers are becoming more aggressive in seeking discounts and Sellers are now ready to listen. Time will tell if this trend continues. Of greater concern is the second highest indicator of the reasons for sale being ‘Pending Insolvency’.
Read more by downloading the AIBB Small Business Sales Index for June 2014 – The State of the Australian Market
