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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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: *...