Frequently Asked Questions – Buying
Buying
Q: What are the key motivators for people going into business for themselves?
A: Before making a decision to purchase a business, a buyer should understand their objectives to make sure they can be met by purchasing a particular business. Here is a list of motivators:
Q: How do I finance the purchase of a business?
A: The staff in most bank branches aren’t aware of all the finance options available to you, so it’s usually best to have a commercial finance broker act on your behalf. The ideal situation is for your new business to borrow the money, and your new business to make the loan repayments from the profits. Then in the end, you own the entire business and when you sell it, you get the lump-sum amount.
Q: How do I find the right business to buy?
A: Our brokers offer a one-on-one consultation and will:
Q: What is due diligence?
A: Due diligence is a systematic process for acquiring and analyzing information to help a buyer to determine whether or not to proceed with a proposed business transaction. We provide a customised Due Diligence Package. This document acts as a business tool, which can be taken to the buyer’s accountant for due diligence and bank for finance.
Q: I’ve found a business that I want to buy, now what?
A: Contact one of our business sale brokers. Our expertise on a daily basis is dealing with people buying and selling businesses. With our assistance, you can be confident in the knowledge that you’ve got an independent professional guiding you through every step of the buying process.
