Where is Westfield Headed?

GMO’s Managing Director, Graham O’Hehir found the below article, written by Peter Williams, founder of Australian Advisory Boards Institute very interesting. It discusses shopping centre giant, Westfield and the future of the retail industry. The New Direction of Westfield Corporation and a Lesson for Buyers and Sellers of Businesses When the news came out recently that […]

The 411 on the 457

We’ve all heard about the changes to the 457 visa. But now that those changes are at our doorstep, it’s highly recommended that all business owners and potential future business owners get up to speed on the ins and outs of the new replacement visa, and what that may mean for their business and their […]

A Beginner’s Guide To Opening A Restaurant

Opening a new business from scratch can be a daunting process. Many first-time business owners find themselves asking questions such as: Where do I start? What do I need to achieve, in what order? What If I forget something crucial? The Small Business Development Corporation has created a handy infographic that takes you through the steps needed to […]

Get To Know Richard Marr

Our team are a diverse group of experienced Business Brokers and/or Business Valuers. So much so, that we thought we better introduce them to you so you can get to know them better. Let us introduce Richard Marr How long have you worked with GMO?  15 years Tell us a little about yourself I am […]

The Accommodation Industry. Its Important to Our Economy

  The accommodation industry has been one of the fastest growing sectors of the Australian economy over the past decade.  The accommodation industry is an important component of the Australian economy. The accommodation industry was one of the earliest industries in Australia and has evolved significantly over the last 20 to 30 years. This has mainly been […]

Protect More Than Just Your Business!

GMO knows and trusts Country Wide Insurance Brokers and their Managing Director, Paul Wilkes. Scroll down for an insightful article from CWIB about how small business owners should be protecting themselves financially. Worth a read! With business and personal debts to their name, small business owners have a lot of reasons to protect themselves financially. So why […]

Small Business Valuation Formula

Small business valuation formulas are used by business valuers to benchmark businesses against their peer groups. Some of the most commonly used small business valuation formula terms to describe the business’s profits and the price the business sells for are: EBITDA– earnings before interest tax depreciation and amortisation EBIT– earnings before interest and tax NPAT– […]

Why Good times are Ahead for Small ASX Gold Miners

“It has been a couple of big months for gold producers – with 15 percent share price gains notched up by the established names, as gold prices start knocking on the door of $1700. But the share price strength has prompted calls that without the gold price moving higher still, the established producers are now […]

GMO’s February Hotlistings

We are pleased to present GMO’s February Hotlistings, a list of our current businesses for sale in Perth and Western Australia. For further information on any of these business opportunities, or to arrange a confidential discussion with one of our qualified brokers, please contact our office on (08) 9481 4422.  

What Is Goodwill?

GOODWILL CAN BE DEFINED AS… “THE EXPECTATION THAT A BUSINESSES CUSTOMERS WILL CONTINUE TO PATRONISE IT REGARDLESS OF WHO THE OWNER IS” Let us examine three different businesses: A newsagency         2. A hairdresser         3. A television network Do you really care who serves you in the newsagency? […]

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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