Bucking the trends in business – Ray White Canberra
Local Leaders
Like any business, it takes a certain amount of tenacity to open a real estate agency. But to open a...
Do you know if you can borrow the finance to buy a business?
August 2013 Issue 85
You have been looking for 6 to 12 months now and you have found the business you want to take...
Do you know if you can borrow the finance to buy a business?
August 2013 Issue 85
You have been looking for 6 to 12 months now and you have found the business you want to take...
Make it easy for the buyer if you want to sell your business
B2B Property
When Brindabella Business Brokers sells a client's business, the one comment we always receive is why do we need to provide so much information upfront. Some of the items we ask for are 5 years of financials, leases, plant and equipment inventories, staff rosters, further capital requirements, franchise agreements, add backs, items not accounted for etc. Due to the level...
If you want a strong business – expect to pay a fair price for it
B2B Property
One of Warren Buffet's sayings is "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price". A good example of this is when you go to the supermarket to buy some steak. The budget steak is $10/kg and the good steak is $35/kg. You buy the budget steak, cook it...
Potential for the business going forward
B2B Property
When you are looking at buying a business, financialsonly tell 50% of the business story. It is importantyou are giving attention to all the other factors thatwill influence you buying decision. Financials are straight forward, but like any game of sport, youare only as good as your last game. Therefore buyers want to seehow the business is currently trading and...
It’s that other time of the year again.
B2B Property
And then we have pundits and pollies telling the community how badly the economy is going.It's all very depressing. As afairly ordinary family man but also as the Chairman of the Bendigo Community Banks I am not convinced that either scenario is infact accurate. The annual Christmas spendis apparently essential to the economy,otherwise the retail sector will suffer. Through November...
Investment properties get the best property management
April 2013 Issue 81
Proud Property Management redefines levels of service and value formoney. Ian Barrass founder of Proudsaid "We give concierge service at alower price. Our business model takes outsome of the biggest costs for an agency suchas commercial rent and high franchise fees.You get the benefit of our savings: we give apremium service at a lower price! "Ian Barrass comes from a...
Owner’s involvement
April 2013 Issue 81
Any business buyer who is looking at buying a business needsto understand what the owner currently does in the business.The business buyer wants to know the hours they work and what functions they perform. An easy example is a chef in a restaurant. If the chef is the ownerof the restaurant, the business buyer needs to understand whatdays they work,...
Should the government bank with the Community Bank?
April 2013 Issue 81
Bendigo Community Bank will putback 80% or more of it's profits intocommunity services, groups, charitiesand events - profits derived directlyfrom the level of funds in bank accountswith the Community Bank. So why doesn'tGovernment, and every government agency,invest some of their funds on term depositwith Canberra's Community Bank Branches of Bendigo Bank? Understandably there is a tender processto do the government's...
Should the government bank with the Community Bank?
B2B Property
Bendigo Community Bank will put back 80% or more of it's profits into community services, groups, charities and events - profits derived directly from the level of funds in bank accounts with the Community Bank. So why doesn't Government, and every government agency, invest some of their funds on term deposit with Canberra's Community Bank Branches of Bendigo Bank? Understandably...
Risk to generating future profits
B2B Property
When you are selling your business, the more sets of financial statements your business has prepared by an accountant, the better. It will help demonstrate how strong your business has traded and if there have been difficult years - providing you can explain it and how the difficult years were addressed, buyers will be confident your business is profitable and...
Accommodate Canberra leading the way in executive apartments
B2B Property
As a landscaper on New Parliament House in 1987 Peter decided to go into real estate. Peter worked for Realty World for the next nine years and after three years he became a sales manager. In 1996 Peter bought a Realty World franchise and in 1998 renamed it to Maloney's Real Estate. "We initially focused on property management. We started...
Should the government bank with the Community Bank?
B2B Property
Bendigo Community Bank will put back 80% or more of it's profits into community services, groups, charities and events - profits derived directly from the level of funds in bank accounts with the Community Bank. So why doesn't Government, and every government agency, invest some of their funds on term deposit with Canberra's Community Bank Branches of Bendigo Bank? Understandably...
Does your market price make sense? Time to be realistic!
B2B Property
After you have made the hard decision and decided to sell your business, the next step is to understand what a fair market price is for your business. This is the time to be realistic about what a buyer will pay for your business. To determine a realistic market price you must take all of the following into consideration: *...
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