Category: News

How To Thrive In Perth Today

While some Perth suburbs are battling after the boom, others are thriving An Article written by Brianna Shepherd for ABC News While some Perth suburbs are struggling to attract residents, businesses and customers to their neighbourhood post mining boom, other areas are thriving, creating vibrant communities of their own. University of Western Australian urban and […]

SELL YOUR BUSINESS: HOW TO PREPARE.

Thinking it’s time to sell your business? When you’re about to sell your business it’s vital to be well prepared to sell your business in prior to putting it on the market. Preparing to sell your business is not like preparing to sell a house. A business is a complex and ever-changing asset potentially including […]

Preparing to sell your business: 5 tips from a seasoned lawyer

When you’re about to sell your business it’s vital to be well prepared in advance of putting it on the market. This not only avoids costly delays but could also maximize the value of your business… Get your lease in order If you lease premises it’s important to review your current leasehold arrangements and determine: […]

7 things to think about when considering taking over a business

Taking over a business is a fantastic way of getting yourself into the entrepreneurial game, without the stress and strain of starting from scratch! If you are looking to run your own business, but lack experience or just don’t have that big idea yet… why not consider taking over a business? Still not sure? Keep […]

Valuing Accountancy Practices and Professions

In valuing professions and white collar service businesses I observe an emerging trend to place less reliance on traditional rules of thumb and an increasing reliance on establishing value based on a multiple of Future Maintainable Earnings. Accountancy Practices have traditionally been valued based on a “cents in the dollar” of fee revenue. High quality […]

Q&A With Thorntons Accountants

Jim Goodwin from GMO and Clinton O’Neill from Thorntons discuss Capital Gains Tax on sale of a business. You should consider these implications as part of your business sale plan.   J.G:      Do I pay tax on the whole sale price of my business? C.O:      No, you pay tax on the net capital gain from […]

Words of Wisdom from Sir Michael Caine

“I want the feeling in the whole unit to be one of excitement at our common endeavour.” GMO’s Director and Co-founder, Graham O’Hehir has recently been reading Sir Michael Caine’s autobiography ‘Blowing the Bloody Doors Off – And Other Lessons in Life’ and has found Mr Caine’s outlook on relationships to be a valuable share.  […]

The Forecast For Perth’s Retail Sector

According to a recent publication by Ray White, the future of Perth’s economy is bright. After what has been a turbulent time in WA business and real estate, especially with the increase of online shopping affecting smaller retail businesses, the future is looking up! See below for a brief introduction to the insightful publication, which […]

Sound Advice from Les Hinton

“Be Confident That You Can Make It Worth More Than You’re Paying For It” Les Hinton, who began his career as a copy boy for the Adelaide News in 1960, became a reporter, editor and executive across various media avenues, establishing a long and prestigious career. Described by many as Rupert Murdoch’s ‘Hitman’, Les Hinton was […]

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Whether you dream of buying a business, want to sell your Perth or WA business, or want to know the value of your company – GMO’s business brokers and valuers are here to assist you. We have won the City of Perth Award for Business Excellence and our Managing Director has been elected as a fellow of the Australian Institute of Business Brokers. Whether you are a buyer or a seller, GMO can introduce you to the right person.

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CONFIDENTIALITY DISCLOSURE AGREEMENT

  • The disclosers are willing to disclose such information to the recipient subject to their acceptance of the following conditions:
    1. The recipient shall treat all information received from the discloser as confidential and shall ensure that all such information remains confidential and shall not use any such information in any way other than for the specific purpose aforesaid. The recipient acknowledges that all conditions subsequent in this disclosure apply to the recipient and any associates of the recipient be they partners, co‐directors, trustees, holders of shares or officersin entity(s) the recipient has interest in.
    2. The obligations of paragraph 1 shall not extend to any such information which is in the public domain, or which hereafter becomes part of the public domain otherwise than as a result of any unauthorised activity or omission of the recipient, or which is already in the possession of the recipient and was not derived from the disclosers.
    3. The recipient shall return all such information received other than that which is submitted orally at the termination of such negotiations entered into as a result of this agreement.
    4. The obligations set forth in paragraph 1, 2 and 3 shall terminate 12 months from the date of this agreement or upon the disclosers and the recipients entering into an agreement whichever event occursfirst.
    5. The recipient shall obtain no rights of any kind to such information other than for the specific purpose stated in this agreement.
    6. The receiving party will not utilise any material made available to improve, construct or change another business, in such a way as to allow that business to compete with the business being discussed.
    7. The recipient understands that the information has been compiled by GMO from details provided by the Vendor. Prospective purchasers should be aware that it is not intended that any projections or this information be treated as a representation, warranty or promise by GMO or its representatives, as to the correctness of the information, or that all relevant information is contained in the information provided.
    8. The recipient acknowledges that they will not act on information provided without first seeking independent financial and legal advice.
    9. The recipient hereby agrees to declare any beneficial interest in any business that could currently be interpreted as being in competition with the subject business.
    10. The recipient agrees to return all documents supplied within 50 days of receipt (and any copies) should they decide not to proceed. The recipient further agrees to destroy any electronic information supplied by the Seller or GMO and to instruct their professional advisors to also destroy any information passed on by the Seller, the recipient or from GMO.
    11. The recipient acknowledges they are precluded from physically visiting the premises of the business or talking to any client, supplier or employee of the business without the permission of the discloser.
    The recipient/s hereby accepts the above conditions as binding on them in respect of the information referred to.
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