Selling a business can evoke a range of emotions for a business owner, often mixing pride and achievement with sadness and loss as they part with something they’ve built. Owners often experience anxiety and stress about finding the right buyer and ensuring a smooth transition.
Don’t worry if this is the first time you have sold a business; you are not alone! Most business owners have not been through the process before. This Choice Business Sales guide to selling a business aims to simplify the process, helping business owners understand the necessary preparation and how professionals can assist them in successfully navigating the sales process.
This guide will cover the 10 stages to successfully selling a business in Australia:
1. Get Ready to Sell
2. Establish Your Team
3. Understand Your Tax and Legal Obligation
4. Prepare Your Business
5. Get a Valuation
6. Create an Information Memorandum
7. Market Your Business for Sale
8. Negotiations and Due Dilligence
9. Preparing Contract of Sale
10. Settlement and Transfer
Contact Choice Business Sales on 0439 100 309 for more information.