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Tips on Selling & Buying a Business
Dated: Jan 28, 2008
You have to collect potential information all about that particular business. When you plan to sell a
business, you will have to think from the customer’s point of view that what all I want to know about this
Selling or buying a business is not an easy task. You have to collect potential information all about that
particular business. When you plan to sell a business, you will have to think from the customer’s point of
view that what all I want to know about this business. Then you should be prepared to provide all sorts of
information in a clear and professional manner. The kind of information will be the same for every business
but it will depend upon the nature of the business but certain basic knowledge is always required. This
information will include revenue, expenditures, key contracts, competitive advantages etc. If you want to
buy a business, then it becomes more important to know even a minute detail about the business.
Many businesses are sold and bought on a daily basis. If you look for a business for in Australia, you can
find the relevant information online. You can find a good database of business & franchise for sale in
Australia on internet. Not only brief information but you can get the business profile, contact details and
recent photographs of business location for each business advertised for sale in Australia. Most of these
businesses are motels, coffee shops, , restaurants, wholesale businesses, import-export businesses gift-ware
shops, manufacturing retail businesses, franchises for sale in Australia and many more.
If you are buying a franchise business, you should have answers of certain questions. These questions can
be asked to franchisees and to yourself too.
- The business that is for sale in Australia, is it a good business or a product? If later you feel that this was
not a good business to start with, you will be in trouble.
- Whether you have the