7 Key Factors Which Determine the Saleability of your business: No 7
Stock, Plant, Equipment and Vehicles Stock The Stock component of any business can in many cases be the deciding factor whether the business sells or not! The stock must be valued at cost price and be currently saleable. If not a prospective purchaser will not pay for it. It must also be relevant to the […]
7 Key Factors Which Determine the Saleability of your business: No 6
Systems and Manuals What is a system?Systems are the way you do things. To successfully operate any business it is critical to have detailed systems in easy to read manuals. With a bit of training anyone can run the business without the current owners. Remember ‘a successful business’ is one that runs without you. Systems […]
7 Key Factors Which Determine the Saleability of your business: No 5
Team, Suppliers and Customers Team A significant asset of most small businesses are the staff. Employee details are very important to the purchaser of any business. What are the details of the staff such as job description, experience and skills, performance reviews, work history and pay rates? Will key employees stay if the business changes […]
7 Key Factors Which Determine the Saleability of your business: No 4
4. Premises and Lease In so many small businesses the location and term of lease are critical to a buyer as the current income was generated from that premises and location. The regular customers know and like the location as that may be one reason they go there. Convenience – The premises are fitted out […]
7 Key Factors Which Determine the Saleability of your business: No 3
3. FINANCIALS What is so important about Financials? The financial information, is absolutely critical to the appraisal process and to determine saleability of nearly every business. It must be accurate, up to date and easily understood. It must be prepared professionally on company letterhead or spread sheet signed by the Accountant doing the work and […]
7 Key Factors Which Determine the Saleability of your business: No 2
2. PROFITABILITY & RISK What is Profitability and Risk? Profitability – “the degree to which a business or activity yields profit or financial gain” In most cases the only person that is in love with your business is you. A potential buyer is not in love with your business. They mostly want to know how […]
7 Key Factors Which Determine the Saleability of your business: No 1
1. PRICE AND VALUE Getting a professional appraisal and analysis of your business will ultimately determine price, saleability and potential for a quick sale Listing your business “FOR SALE” without accurately determining its real market value and saleability with the help of an experienced professional valuer can mean you are facing a long and arduous […]