Acquiring a good business is a serious commitment for all involved.
You must have the mental and financial commitment to offer price and terms consistent with the marketplace. Performance Business Sales can help you find the right business and structure a contract (Agreement to Purchase) if you’re committed to follow through.
So, take a long, honest look at yourself. When you meet with your Performance Business Sales broker, he will want to know about your background, work experience, level of family commitment and financial situation in order to help gauge the right kind of business for you.
As previously mentioned, it is a good idea to first complete the Business Search Form on our web site.
Here is an example of the questions we are likely to ask you.
- Why do you want to buy a business?
- What kind of business do you think you want to buy?
- What business categories are of most interest to you – wholesale, manufacturing, retail, hospitality, service etc.?
- Are there any business types you definitely wouldn’t purchase?
- Would you like the business to be in a specific suburb, town, city, region etc.?
- How far are you willing to travel to and from work each day?
- Do you intend to operate the business yourself, or put a manager in place?
- What are your special skills and educational background?
- What is your work and/or business ownership experience?
- What is the minimum income you would need to make from a business in order to meet your current living expenses?
- What are your hobbies and areas of special interests?
- What personal funds and real estate equity are you willing to invest to finance the business?
- If you have an equity partner/investor, how much do you expect them to invest of their personal funds?
This self-assessment process is considered vital if we are going to find you and your family – the perfect business.