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Business for Sale Australia and buying a business

Thursday 7 November 2013, 12:20PM

By Business for Sale NZ - NZBizBuySell

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If it’s time for a change, or you want to become your own boss, then business ownership could be for you. There are thousands of businesses for sale Australia wide, so start your search for the right business for sale by taking time to understand your skills, strengths, weaknesses and interests, along with what you want from a business. Buying a business and running it day to day can consume a lot of time and energy, so you want it to be something you are passionate about, and capable of doing.

Once you have a good idea of what you are looking for in a business, it pays to consider the pros and cons of either starting a business from scratch, buying an established business, or buying a franchise. Franchises are often considered the ‘low-risk’ option, and usually have some restrictions on how they can be run. Buying an established business where you get to decide it’s direction has many benefits over the risks of starting a business from scratch. Existing businesses typically come with an established customer base and cash flow, accepted products or services, financial history, a reputation and operating systems; all of which take lot of work to develop. Additionally, established franchises and businesses have a price tag, so you know how much capital you need up front.

To find the right business for you, you need to look at a range of businesses for sale. The key places to find a wide range of business opportunities are print media, Australian business for sale websites, and by contacting business brokers. Regularly check the classified section of your local newspapers, and possibly trade journals and magazines. Often the advertisements in print media are brief and don’t provide much detail. Frequently visit popular business for sale Australia websites like aubizbuysell.com.au, these sites often provide descriptive ads, along with helpful resources and information for buying Australian businesses, whether you’re searching for a franchise for sale or motels for sale. Visit several key business brokers who operate in your area of interest, they will be happy to discuss your needs as a buyer. You may also wish to contact trade associations, your accountant, or anyone else who may have contact with potential business sellers.

When thinking about buying a business, get your lawyer and accountant involved from an early stage. Take expert advice and always do your homework. For more information on Business for Sale opportunities check out www.aubizbuysell.com.au. Check out their Franchise for Sale and Motels for Sale pages.

Contact:
Richard O’Brien
Phone:  03 337 0005
Mobile: 021 846 219