News & Insight

With a passion for helping people feel better during day-to-day life, Tracey came across a product that would no doubt grow in popularity. From there, her magnesium business was born.

Selling a business has never been easier. If COVID-19 has taught us one thing, it is that to ensure business continuity, you need to be capable of flexibility and that has meant remote working for thousands of businesses worldwide.

Customer retention should be the goal for any business owner. Client preservation and possible referral strategies should start during the initial transaction.

There is no one correct asking price but more a selling price range that you are likely to achieve. Depending on how quickly you want to sell and how strongly your business is performing, the range can be quite wide. Don't worry too much about this because you will accept the offers that make sense to you and decline the offers that do not. In the end, all offers are a good sign because offers lead to negotiation and negotiation leads to a sale. If you are setting a price you need to choose a method that makes sense to potential buyers. Here are the three main methods we see most often used: 1.

When you think of Victoria, you think Covid, lockdown and businesses closing left right and centre. Businesses selling, isn’t the first thing that comes to mind these days.

Part of understanding your business value is to understand what assets are part of the operation of the business and which items are sold to generate revenue. This is also known as equipment and fixed assets on one hand or inventory and stock on the other. A business is generally priced as "Plus Stock".

Another Business Sold With No Face To Face Contact When it comes time to sell your business, it is not always possible to be face to face with your buyer and with continuing lockdowns this is now true more than ever. As Bonza continues to change the broker scene with virtual connectivity, working remotely has meant that Bonza is able to ensure your business can be sold no matter what restrictions are in place.

With low overheads, flexibility and a simple business model, vending machine businesses are a hot commodity. Building and creating your own business takes years of sacrifice and hard work, so stepping into an already established and thriving business has its benefits.

When it comes to selling your business it pays to understand that value, like beauty, it is in the eye of the beholder. Let me give you an example. Let's take buyer A- The typical small business owner or Investor searching for a business to buy. To this buyer, purchasing your business is an investment and they see your current profit as a static figure they are simple adding to their own ongoing income.

What is a business appraisal? Business appraisals are a process and a set of procedures used to determine what a business is worth. Is it an art or a science?

One of the tends we see in business is that buyers are finding third party finance hard to achieve as the banks are unwilling lenders currently. Vendors are stepoping up to meet this gap providing vendor finance. If you are looking at vedor finance, what should you consider? Our legal partners LegalVision o ffer this advice....

When considering purchasing a business, it's essential to evaluate your background and skillset. Think about how you'll manage the business on a daily basis and what unique abilities you bring that the current owner may lack. These strengths can help propel the business forward.