Cheryl’s Café Was An Easy Choice For Buyers
Cheryl’s Café Was An Easy Choice For Buyers
When Cheryl contacted Bonza after deciding she wanted to sell her popular café in Maryborough, it was important that we not only created the perfect advertisement to make her café shine but also found the right person to take over her legacy.
The hard work and determination that she had spent years putting into the business paid off. From day one, Bonza received a large volume of enquiries. With the rising interest quickly growing.
Just over 3 months and 34 inquiries later, Cheryl’s buyer was found. After a 3-month settlement and due diligence period, the buyer took ownership of the cafe.
We love to see businesses like Cheryl’s come to market because it makes finding the right buyer easy. Plus, our sellers always benefit from our full sale service for a fraction of the overpriced market standard. They get to keep the proceeds of all their hard work.
At Bonza, we are also here to assist in finding the right business for you to buy.
Purchasing a business is like purchasing a custom suit or the perfect dress: you want it to fit perfectly and make you look your best! While there is no such thing as “perfect” when it comes to buying a business, knowing what you can contribute to the table can help you get as close to it as possible.
Buying an existing business makes sense since it eliminates all the heavy lifting and initial hard work, allowing you to hit the ground running as soon as you step in. The decision could be made simpler if the business you are buying already has an established brand, financial records, regular customers, a client database, staff, a great location, and all plant and equipment are in good working order.
Establishing your budget is an important step, remember to speak with your bank or a lending specialist to see what type of finance you might be eligible for and under what conditions. Speak with an accountant; they can assist you with the financial aspects of the sale procedure and will tell you exactly how much money you’ll need to provide up front. Financial clarity will allow you to make a buying decision quickly.
Ask yourself – Are you looking to buy a job? Do you intend to participate in the day-to-day operations of the company, dealing with staff and customers? Or do you want to take a hands-off approach and hire managers to run the company?
The types of businesses that fall into your search criteria will be determined by having a clear notion of your goals. You’ll be one step closer to narrowing down your industry search once you’ve decided how involved you want to be. If you want to be a hands-on owner-operator, you’ll need the abilities and experience to fill a functional job; at the end of the day, the business’s continued success depends on it.
If you need help finding the right business for you then check out our great list of businesses available on our website or contact our team today for a chat.
