Selling Your Business
Selling your business is our business.
Virtue Business Brokers is the only dedicated seller of businesses based in Townsville servicing the North Queensland Region. Many years experience gained by witnessing first hand the highs and lows of the regional business economy, the best experience needed to sell all types of business, large and small. We will assist you to sell your business with an experienced, professional, confidential service guaranteed and discretion observed at all times.
"When it comes to selling your business, you want someone totally experienced and dedicated to business sales".
- 25 years Sales Experience.
- Vast Market Knowledge.
- Respects Confidentiality.
- Communicates All Developments.
- Totally Commited to the Job at Hand.
- Applies Full Disclosure.
- Takes Care and Applies Due Diligence.
- Accountable for All Expenditure.
- Pays Attention to Detail.
"Are you serious about selling? Serious buyers will only pay the best possible price for a business if all information supplied has no elements of doubt and profit & loss figures balance up with the asking price."
- The sale / asking price should reflect your reported nett profit.
- Consideration to the age and value of Plant and Equipment.
- Consideration given to Freehold Property if applicable.
- Terms of current lease arrangement.
- Supply of all requested information.
- Eliminate any emotion.
Buyers educate themselves by viewing many businesses and they are not all first timers. They know what a fair price is, if your business is not competitive in value with those they have seen, it will not sell first. If your business is not priced within the correct price range, it is likely it will not be exposed to its potential or targeted buyers.
"Selling your business is a process where your agent is involved all the way."
Step 1. Prior to Listing
Supply of information - When selling you're business, the more prepared you are, the easier and faster a sale can be obtained, it is imperative you supply latest profit and loss figures and if possible for the last 3 years, in addition to this, access to quick books / myob figures for the immediate period, a full up to date list of plant and equipment, documentation or confirmation of leasing of premises & equipment, BN, ABN, ACN, Staffing and operational overview to build a business profile.
Sign a listing agreement - No agent can act for you without doing this.
Step 2. Once Listed
Photography - Agent to co-ordinate this in conjunction with the vendor at an immediate suitable time.
Advertising Script - Agent to write script & co-ordinate usage.
Website - Agent to organise loading of information and upload to 3rd party sites.
Private Inspections - Agent to co-ordinate this in conjunction with the vendor.
Interested Parties - Will sign a confidentiality agreement which includes finance qualification.
Offers - An offer is not an offer unless it is in writing and all such offers will be presented.
Step 3. Accepting the offer
Contract - Agent or solicitor to prepare contract pending complexity and have it signed by all parties. The agent will distribute original contract to the purchasers solicitor, copies to purchasers, sellers, sellers solicitor and financier.
Deposit - Agent to obtain and have it deposited in the sellers solicitor's trust account.
Building & Pest - (If required) Agent to co-ordinate this in conjunction with the vendor and will occur within 14 days from date of contract.
Finance - Agent to monitor and will occur within 14 days from date of contract unless otherwise negotiated.
Special Conditions - Agent to monitor, must be satisfied to complete contract.
Step 4. Settlement
Settlement period - Begins after Building & Pest, (if required) Finance and Special Conditions have been satisfied.
Settlement - Agreed contract finalisation date, all monies and keys changed hands and property vacated as per arrangement.
Please Note - In the case of Franchised Business additional allowances will be made to accomodate the Franchisor having the right to qualify a purchaser, provide business training at the purchasers expense and requirement for bank guarantees. This will differ to the above format and may extend settlement.
"It doesn't matter how hard you try, you just cannot sell a secret."
To market your business in the most thorough and professional manner and achieve the highest possible price in the shortest possible time.
Get it out there
Advertise your business in the Townsville Bulletin Classifieds, Business Opportunities column in Saturday's Real Estate Guide. (Standard cost available on inquiry)
Your new listing will be emailed to our database advising potential buyers that a new business listing is available to view on our websites.
Tailor Made Marketing Program
Specifically target your business to a wider audience through pictorial advertising & spiel in various newspapers of choice. These include but are not limited to Townsville Bulletin, Courier Mail, The Australian, Sunday Mail or NQ Register. (Price on Application) plus websites & email broadcasting
"If you're serious about selling your business, then contact us today."
We advise prospective purchasers that we (Virtue Business Brokers) take no responsibility or liability whatsoever for the accuracy or authenticity of any content on this web page or information provided by vendors or their professional advisers and that you should make your own enquiries as to the accuracy of this information, including obtaining independent legal and/or accounting advice