Why the New Year is an ideal time to Sell!

Many people ask, when is the ideal time to sell my business?

 

There is no designated month of the year that brings wealth and success. So how do you know when it is the ideal time to sell your business? 

With 2017 wrapping up as neatly as a present underneath the Christmas tree, why not let the new year bring the change you’ve been looking for?

New year = New you!
Sounds good to us!

The new year can act as a fresh start. So why not begin with a step in the direction of your dreams?

Whether you’re a buyer wanting to be your own boss, or a seller wanting the lifestyle change that selling your business can bring, let 2018 be the catalyst you’ve been waiting for.

If you’ve always wondered what your business could be worth, or are looking for a change that sees you branch into a new industry, there is nothing more rewarding than growing your own business and reaping the rewards of your hard work.

By now you should have your 2016-17 end of financial year returns back from your accountant, so this means GMO can present your business with several years of comparative financial returns.  Also, once GMO introduces your business to a buyer and a written expression of interest is presented, you will be in good shape to produce your internal MYOB accounts for the December half- year as part of offer due diligence.

This makes the buyer far more confident and their banker better placed to lend for the business purchase. And remember, many prospective buyers have had time to reflect on their own life goals and aspirations and late summer is the time they and their partners and families are keen to change their own lives and strike out on their own business ownership journey!

GMO has a wealth of knowledge, experience and a book full of opportunities at present, that could see you making 2018 your best year yet! Contact us to find out more, on (08) 9481 4422

GMO-logo-white@2x
Facebook Twitter

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.

© GMO BUY A BUSINESS 2024. ALL RIGHTS RESERVED

Created by Websupport.net.au | Designed by White Mouse Design

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.
    By ticking you are accepting and agree to our Terms & Conditions including Confidential Disclosure Agreement & Privacy Policy.

Subscribe to GMO's Monthly Hotlistings

Subscribe today to receive GMO’s monthly updates and a list of all current business opportunities
  • This field is for validation purposes and should be left unchanged.

All Search Filters

  • Business type

  • Industries

  • Search by keyword

  • Price

    $ - $

  • Net Profit

    $ - $

  • Location

  • Agents

  • Sort by Price

  • Reset