Finding the right business for sale in AustraliaYou want to be your own boss - perhaps you have an idea, are looking at options, or are waiting for that right business for sale in Australia to present itself.
Owning and operating a business can consume a significant amount of your time, so make sure it is something you are passionate about and will enjoy. In finding the right business for sale ensure you understand your skills, strengths and weaknesses, and create a profile of what you want from a business. If you have specific skills you can apply, then you are immediately adding value to the business - although some skills can be imported or learn't on the job.
Regularly check what business opportunities are on offer in newspapers and through internet sites like www.aubizbuysell.com.au. If you are after something specific, get to know the appropriate associations and let them know you are interested in buying a business. Contact key business brokers who operate in your area of interest. Look to advertise for what you want - ask your accountant or anyone else who may have contact with potential business sellers. The path to identifying the right business to buy can take time, so remember to be patient so you locate your ideal business to buy Australia.
Search the Internet.
Go online and search key Australian business for sale sites. Often these provide useful resources and information along with descriptive ads of what’s on offer. You can specify the type of business or franchise, along with the price range and location you are interested in. If you are unable to find what you’re looking for, perhaps you can place a free ad under a “Businesses Wanted” section. Many of these sites also offer Business Broker Directories, making it easy to call one of the listed brokers to ask them if they have any other listings.
Contact a Business
Business brokers are often used in the selling of businesses; they will generally have several businesses on their books for sale at any one time, and will happily discuss your needs as a buyer. Some specialise in particular areas and will be able to offer industry advice and knowledge on such opportunities. Remember that the broker works for the seller and will be working for a good commission. Visit several brokers to get a complete picture on what’s on offer in your area of interest. No one broker will have all the options; develop a network of key operators that can help you, keep in touch with them, and be sure to clearly brief them on what you’re looking for.
Check out the classified section of your local newspapers. Trade journals and magazines are another place to look. Often these advertisements don’t go into much detail, so you will need to filter out those that aren’t suitable over the phone. Be prepared with a list of key questions ready; find out exactly what they are selling, why they are selling it, what the market is, what the competition is like, and the asking price.
For more on finding the right business for sale in Australia check out Business for Sale website aubizbuysell.com.auBy Richard O'Brien - aubizbuysell
Recommend this article:
- Finding the right business for sale
- About owning a small business
- 5 questions to ask before buying a retail business
- What it takes to be a successful small business owner
- How to measure a business's success
- Is a home based business right for you
- Why buy an existing business?
- Mistakes to avoid when Buying a Business
- How to finance a franchise
- Why buy a mobile franchise
- How to buy a franchise for sale opportunity
- The pillars of a successful franchise
- Why buy a franchise?
- Buying a restaurant or cafe for sale
- Buying a hotel or motel for sale
- 10 questions to ask before you buy a business
- Think buying a franchise
- Franchising tax and compliance considerations
- Deciding on the right franchise to buy