FAQs

Step 1 – Select Your Payment Plan.

The first step is to select your preferred payment plan. You can either purchase your Complete Package in a single payment, or on a payment plan. Either way the service begins immediately. 

Once you’ve selected your plan, proceed to the cart page, then to checkout. We’ll need some information on the checkout page and a credit card to make a secure payment. 

Once your payment has been made, you’re on to step 2 – getting your advertising up and running.

Step 2 – Your Advertising Worksheet.

Once payment has been made you’ll receive an two emails from us (typically within 20-30 minutes). The first email outlining the steps moving forward to get you to market, the second will contain Step 2 – advertising worksheet.

Attached will be a simple Advertising Worksheet Document that requires completing and sending back to us. This is likely to take you 5 minutes as the information is simple. 

Once complete, simply send it back to us via email and our in-house copywriters will get straight to work on creating your draft advertisement.  

Step 3 – Draft Advertisement Confirmation.

Once your draft advertisement has been built (typically within 1-2 business days) it will be sent to you for confirmation. 

At this stage you can make any changes to the advert you would like, and finally let us know when you’re happy with it. Once we get the go-ahead from you, we will upload your advert to all 9 of the major business for sale websites and our experienced business brokers can start to deal with your buyer enquiries. 

You can always request changes to your advertisement throughout the service whenever necessary. 

The next step is to get started on your Business Profile. 

Step 4 – Business Profile Creation.

Now that your advertising is up and running, the next step is to get your Business Profile built.

You’ll receive an email containing your Information Request Form. This will take you approximately 20-25 minutes to complete. It contains all of the general information about your business a buyer needs to know. You answer it once, so you don’t have to again. 

Once we have received this form, we will get to work on building your Business Profile Document. Typically this takes between 2-3 business days to create this. 

Again, you’ll receive a draft copy to look over. Once you’re happy with it, we will finalise the Business Profile and send it to all buyers that have signed confidentiality and who are waiting on your information. 

Step 5 – Financial Summary Creation (if applicable).

Now that we have your advertisements and Business Profile up and running, if applicable we will get to work on completing a financial summary of your business to represent it in the best possible light financially.

This stage may not be applicable for your business sale as your price may not be based on your financials, but if it is we will work to make sure your business is highlighted in the best possible light financially by showing your buyer an adjusted net profit after add-backs.

We do this by requesting a list of your financial documents (mainly profit and loss accounts & a year to date profit and loss). 

Step 6 – You Are On The Market

Your work is now done! 

Buyers are sent a confidentiality form to sign, then they are sent your Business Profile Document. Your experience Bonza brokers follow up with all of your buyers every 2-3 days to answer any questions, weed out the tire kickers and find the serious buyers You’re kept up-to-date by the Bonza System receiving an email with each new enquiry and as each buyer progresses throughout the process. 

1) The number of enquiries you’ll receive varies depending on your industry and location.

For example, if you’re selling a cafe in a metro area, expect 20 – 25 enquiries.

2) Remember that is likely to be a lot of ‘no’s’ as we qualify buyers out, but this is normal, we only need 1 buyer.

Don’t panic if you don’t get any enquiry for a little while. As long as you know your ads are out there, and on as many websites as possible, its just a matter of time.

3) Have patience. It takes time to sell a business. We’ve found “the” buyer in as little as 3 weeks before, and other several months.

The key is to remember that as long as you’re priced right, advertised heavily and represented professionally (all things the Complete Service Package covers) it is literally just a matter of time until your buyer starts looking. 

This could be in a few days, a few weeks, or a few months. Just have patience and be confident. 

4) If there are any questions that we must pass onto you from a buyer, please answer them quickly. Speed is key to the sale process. It inspires confidence to your buyers among other things.

5) Expect advice and support from us whenever it is needed. We are here with you until your business is sold.

The success fee is only payable when your business sale contract has settled, and your business is sold. See your agency agreement for more details.