02 9439 3399 tarena@bci.net.au

Tips on Buying

You should be informed about the buying process

COME PREPARED FOR THE NEGOTIATION

WITH OUR ADVICE & TIPS

 

Remember that if BCI Business Brokers is the vendor’s agent, we won’t be advising you during the investigation or transaction stage.

With our expertise from the many hundreds of transactions we have been involved in as business brokers, we have listed some useful tips that you should consider before making a decision:

  • Ask yourself “Is this the type of business I would enjoy running” and “Am I right for this business?”
  • Rely on your professional advisors, but at the same time try to understand as much as possible what is happening in the negotiation and exactly what it is that you are buying

Our experts can help you with that part

  • Always have more money than you think you need to complete the transaction
  • Don’t bother asking the vendor why they are selling. Spend your time investigating the opportunity
  • Be prepared and try to avoid any surprises that might end the deal.
  • Research the industry you are buying into. Is it dying, under threat from disruption or in any other way an “endangered species“? Use Google to find out what people are saying and how many competitors there are. Check out their websites and if you have time – ring some of the main industry players to see how they operate
  • Research the market that you will be serving
  • Prepare a business plan, the most important parts of which are – the financial budget for your first year, and a marketing plan. How will you get customers?

The above tips are offered for what they are worth. Each circumstance should be addressed individually.

 

 

For more information about Buying a Business

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They opted for BCI

I sold my business for the price, terms and hand-over that I wanted, and it was all because of Tony....

Heidi Dening Testimonials - Work with BCI Business Brokers

Heidi Dening
Founder and MD, Jump Start

BCI Business Brokers
2018-08-17T15:12:33+00:00

Heidi Dening
Founder and MD, Jump Start

Heidi Dening Testimonials - Work with BCI Business Brokers
I sold my business for the price, terms and hand-over that I wanted, and it was all because of Tony. His decades of experience and excellent people skills gave me confidence, reassurance and guidance throughout the entire process. He had a very clear system on what was the best method to sell my business and from start to finish he was the expert in every way. It wasn’t till after I had started the process that I realised that I could never have done this by myself, without completely losing the plot!!! His honesty and trustworthiness completely relieved the stress and pressure, and I couldn’t recommend him enough.
For 20 years plus I have seen the results of Tony’s business and the professional way he handles his clients….....

Bruce Sherlock Testimonial - Work with BCI Business Brokers

Bruce Sherlock
Founder and MD, Sherlock Consulting

BCI Business Brokers
2018-08-17T15:14:43+00:00

Bruce Sherlock
Founder and MD, Sherlock Consulting

Bruce Sherlock Testimonial - Work with BCI Business Brokers
For 20 years plus I have seen the results of Tony’s business and the professional way he handles his clients….. He is a man of action and stands behind his words….. It’s nice to see and meet a person who is courteous, honest and willing to go the tough yards to achieve YOUR goals and will not sacrifice his integrity for any short term benefits. Cheers and good luck Tony…
" Tony, Thank you, for your commitment, professionalism, and dedication to selling my business . I could not have asked...

Emily Salter Testimonial - Work with BCI Business Brokers

Emily SALTER
Director - Fields of Beauty

BCI Business Brokers
2018-10-10T16:01:23+00:00

Emily SALTER
Director - Fields of Beauty

Emily Salter Testimonial - Work with BCI Business Brokers
" Tony, Thank you, for your commitment, professionalism, and dedication to selling my business . I could not have asked for a better broker to sell it! ... "
" If you are considering selling your business, don’t waste your time shopping around for a broker that doesn’t even...

Susanna Palmer Testimonial - Working with BCI Business Brokers

Susanna Palmer
Director - PALMERBIZ

BCI Business Brokers
2018-10-10T16:05:20+00:00

Susanna Palmer
Director - PALMERBIZ

Susanna Palmer Testimonial - Working with BCI Business Brokers
" If you are considering selling your business, don’t waste your time shopping around for a broker that doesn’t even understand business. Go straight to BCI Brokers and get the professional service that you deserve ... "
"Tony puts the interests of his clients at the forefront. He takes a proactive approach to each project and helps...

Bill Lockett Testimonial - Working with BCI Business Brokers

Bill Lockett
Director, Franchise Systems Grp

BCI Business Brokers
2018-10-10T16:06:52+00:00

Bill Lockett
Director, Franchise Systems Grp

Bill Lockett Testimonial - Working with BCI Business Brokers
"Tony puts the interests of his clients at the forefront. He takes a proactive approach to each project and helps his clients understand the reality of the situation. He knows what is required to get a positive result and has proved to be a longstanding colleague ... "

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