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Hey Banker, show me the money!

Finance Approval takes time. Banks can seem like many headed monsters with approval needed from several departments with everyone blaming the Banking Royal Commission. Purchasers need well-presented proposals so start early!

Oh, and there’s a lot of cash too!

Cash takings that don’t flow through the books can’t be substantiated. When businesses sell for a multiple of earnings, owners would be better off paying the tax and GST, showing higher profits and having a higher value.

Document Your Processes!

“It’s all in my head” is not a good answer! Purchasers want to know that systems are documented, current and accessible. Quick plug for our provider www.waywedo.com

Address your lease!

Business sales can be complicated when leases need assigning. Amount, term, options, outgoings and a positive relationship with the landlord are all key.