Tips For Selling A Business

Some people think it would be easy to sell a business, but in fact, it is a very complicated and risky business.

It’s no secret that you would like to sell your business for the highest possible price, but what if the purchaser is later disillusioned or disappointed with the business purchase and blames you, the seller, for their misfortune?

This is a significant risk which if not managed, can turn into a nightmare which lasts for years after you have been able to sell your business.

The best way to minimise the risk involved in the sale of a business is for the seller to have a business valuation report completed on his business by a competent business valuer before the business goes on the market.

In this way, the buyer has more confidence in the business and can raise loan funds more easily.  They can bring in partners, all with the security of knowing that the business has been thoroughly examined by a business valuer and that it is not just the seller who is advising on the health and status of the business being sold.

Partner up with GMO Business Brokers

When you’re ready to start talking to an expert in selling businesses, contact GMO and we will recommend one of our experienced Business Valuers. Our business brokers will advise on the cost of a valuation and the process of getting the business valuation report done.

Remember, this investment could result in a buyer investing twenty times that cost in a more confident offer price.

You will also feel more secure in the sale process with the knowledge your business has been well examined, well presented and fairly represented by an independent third party report. Read more about selling a business

MORE NEWS STORIES

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 Read more

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 Read more

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 Read more