Common Mistakes to Avoid When Buying a Hair Salon Business for Sale
Common Mistakes to Avoid When Buying a Hair Salon Business for Sale Acquiring a salon business can surely be exciting. It offers an opportunity to step into a ready-made business with ease. Another advantage of buying a hair salon business for sale is that it comes with an existing customer base! Well, in addition to all these benefits, it is also necessary to acknowledge that buying a hair sa...
5 Essential Questions to Ask When Buying a Business for Sale
5 Essential Questions to Ask When Buying a Business for Sale Businesses of various sizes and industries are now available for acquisition which has opened new doors for entrepreneurs all over the globe. Unlike businesses that need to be built from scratch, an existing business for sale offers a clear financial picture for potential buyers. Thus, buying a business for sale has gained a...
5 Key Factors to Consider When Buying a Small Business
5 Key Factors to Consider When Buying a Small Business In the ever-changing landscape of entrepreneurship, buying a small business has now become the first choice for most individuals who are looking for unrestricted financial freedom to grow. As the global economy is witnessing a massive shift, traditional career paths are also changing. Whether you are a seasoned entrepreneur or a...
Important Factors to Keep in Mind before Buying a Coffee Shop for Sale in Melbourne
Important Factors to Keep in Mind before Buying a Coffee Shop for Sale in Melbourne The coffee culture in cities is thriving and buying a coffee shop for sale in Melbourne can be a profitable venture by all means. From finding the perfect coffee shop for sale to analysing its financial performance and assessing its branding and offerings, there are a lot of factors that need considerat...
6 Valuable Tips to Find the Best Australian Business for Sale
6 Valuable Tips to Find the Best Australian Business for Sale Buying an existing business is a smart move because one does not have to start from scratch. However, finding the perfect business for sale in Australia requires careful research and planning. With so many Australian businesses for sale, finding the one that suits your entrepreneurial and financial goals can be a long drawn...
How to Start a Successful Transport Business for Sale
The transport business has a lot of potential but comes with several challenges too. Starting a successful transport business for sale requires planning and timely execution. Right from agriculture and e-commerce to manufacturing, every business is dependent on transport. No wonder, transport and logistics are the backbone of most businesses, but the entry barriers in these fields are to...
Factors to Consider Before Putting Up a Profitable Business for Sale
We all know that starting a business can be a challenging and emotional process for most entrepreneurs. Likewise, even selling a business comes with several difficulties. In most cases, there comes a time when putting a profitable business for sale makes sense. There can be many reasons why one puts a business for sale such as retirement, opportunity for a new venture, and so on. Making the dec...
Franchise Opportunities in Melbourne: Understanding Benefits and Pitfalls of Franchise Ownership
Franchise Opportunities in Melbourne: Understanding Benefits and Pitfalls of Franchise Ownership Franchise ownership, a business model that has gained significant traction worldwide, has also made its mark in Australia. The franchising concept has been firmly rooted in the Australian business landscape for several decades, dating back to the 70s and 80s. During this time, iconic brands like Mc...
Top 5 Reasons to Invest in a Pizza Business for Sale in Melbourne
Top 5 Reasons to Invest in a Pizza Business for Sale in Melbourne Did you know that the pizza industry in Australia traces its roots back to Melbourne, where the first wood-fired pizza oven was fired up? Yes, you heard it right! Melbourne has a rich history when it comes to pizza, making it an exciting place for aspiring entrepreneurs. If you're craving a slice of success and considering inve...
4 Common Mistakes to Avoid When Selling a Business in Melbourne
4 Common Mistakes to Avoid When Selling a Business in Melbourne In the fast-paced world of business, even the slightest mistake can result in dire consequences, particularly when it comes to putting their businesses for sale. Just remember when Nokia's phone division was acquired by Microsoft for a whopping $7.2 billion? It seemed like a sound investment at the time, but in hindsight, ...
The Top Four Tips for Buying a Business for Sale in Melbourne
The Top Four Tips for Buying a Business for Sale in Melbourne Always had a passion for food and have dreamt of running your own restaurant or had a passion for fitness and wanted to start a fitness centre? You have the skills and the drive to make it a success, but the thought of starting from scratch is overwhelming? That's where buying an existing private business for sale in Melbourne can c...
5 Important Factors to Take into Account When Investing in a Manufacturing Business for Sale
5 Important Factors to Take into Account When Investing in a Manufacturing Business for Sale Manufacturing businesses are growing in popularity owing to their ability to adapt to changing market conditions. During the pandemic, they were among the first few to quickly adapt and reshape their business models to meet consumer demands. This is why investing in manufacturing businesses for...
6 Things to Know Before Investing in a Florist Business for Sale
6 Things to Know Before Investing in a Florist Business for Sale Fresh-cut flowers can add a touch of elegance to any occasion. From birthdays to weddings to more solemn events such as funerals, flowers can evoke a wide range of feelings and emotions. Studies have shown that the Australian flower industry has performed substantially well in the recent past and is expected to be even better in...
3 Essential Qualities to Consider when Selecting a Business Broker Near You
3 essential qualities to consider when selecting a business broker near you We are all aware of the power of the right assistance. The same applies when attempting to buy or sell a business in Australia. Finding the "right" business broker near you would enable you to maximise profits and obtain the best offers. However, how do you choose the best business broker in Australia? ...
3 Things to Consider for Industrial Business for Sale
3 Things to Consider While Putting Up an Industrial Business for Sale The World Wide Web is a massive place, so huge that buyers can easily get lost in thousands of digital corridors. So, if you want to list your industrial business for sale, then you must proceed with extreme caution. You may feel tempted to sell your industrial business on your own, but it can be really daunting. How...
4 Things You Know Before Purchasing a Fish and Chips Business
4 Things You Should Know Before Purchasing a Fish and Chips Business Who doesn't enjoy crispy fish and chips that melts in the mouth? The aroma of delicious deep-fried fish in hot oil, accompanied by crunchy and soft chips, can make Aussies crave without hesitation. According to statistics, with rising discretionary incomes and per capita seafood consumption, there may be an i...
Know Before Investing in a Pizza Business for Sale
Things You Should Know Before Investing in a Pizza Business for Sale Who doesn't enjoy a tasty pizza? According to statistics, pizza is one of the most consumed foods across all age brackets. Therefore, an ambitious entrepreneur is likely to give a pizza business that is for sale some consideration. Also, investing in an existing pizza business is highly beneficial in the long run. You don't ...
4 steps to get the best deal when you sell your business
4 steps to get the best deal when you sell your business You have decided to put your business up for sale. What next? Whether you're preparing to retire, or you simply believe it's time to hand over the reins to someone else, it's crucial to thoroughly consider the sales process. Listing your business for sale in Victoria can be intimidating, this is why you require the assistance and guidanc...
Putting your cleaning business up for sale?
Putting your cleaning business up for sale? Some tips to get the best deal Selling a business, whether it is cleaning or something else, is a complex venture. You have invested your time, hard work, and emotions in building it, but now you feel it is time to let it go. You may consider selling your cleaning business for a variety of reasons, including a change in personal cond...
The Best Ways to Start Up a Fish and Chips Shop
The best ways to start up a fish and chips shop The Australian fish and chips industry is well-positioned to benefit from two long-term food trends – the shifting preferences of diners towards internationally-inspired dining and casual dining options over more formal restaurants. If you're tempted to throw your hook into this market, then here are some ways you can get s...
How to Buy a Business in Australia
How to Buy a Business in Australia Buying an existing business in Australia is an excellent option for ambitious business owners or those looking to break into the industry. It has plenty of benefits like existing equipment, infrastructure, employees, and customers. Not only does this give you the leverage against competitors but also saves you the time and effort of starting a busines...
Quick Guide to Own & Run a Successful Beauty Business
Quick Guide to Own & Run a Successful Beauty Business In recent years, the beauty industry has grown in popularity as a result of global beauty trends, gender-neutral fashion, and more self-care awareness. If you are planning to start a business, looking up for beauty business for sale online can be a good starting point. The hair and beauty industry is competitive, with n...
Top Franchise Business For Sale
Kick off your journey to becoming your own boss, by investing in the top franchise businesses for sale. Franchising is one of the fastest-growing industries in Australia, accounting for 4% of the Australian economy. This business model enables prospective franchise partners like you to run your operations while being supported by a well-established and tested system. There are...
4 Reasons Why It Makes Sense to Buy an Online Business for Sale
4 Reasons Why It Makes Sense to Buy an Online Business for Sale The advent of the internet has created new and exciting opportunities, and its sheer scope has changed the way people do business in Australia. Several multinational corporations (MNCs) such as eBay, Amazon, Gumtree, Kogan, and others are dominating areas where brick-and-mortar companies once ruled. Want to ...
Pros and Cons of buying a Top Franchise Business for Sale
Pros and Cons of buying a Top Franchise Business for Sale There are many who dream of having a successful business, either by bringing to life some exciting business concepts, or by designing a business around existing market need gaps and opportunities. However, as appealing as this thought might be for aspiring entrepreneurs, there is always the risk of the business not working out. When o...
4 Things to Consider Before You Put Your Industrial Business Up for Sale
4 Things to Consider Before You Put Your Industrial Business Up for Sale Establishing a business takes years, if not decades. You work and toil day in and out to achieve your dream, and you even accomplish it. But now something’s changed; you feel the urge to expand your horizon or want to retire and try something new. Whatever your reasons for wanting to put your industrial business f...
5 Pro Tips to Put Your Restaurant Business for Sale
5 Pro Tips to Put Your Restaurant Business for Sale Selling a restaurant that you have been successfully running for some time can be an emotionally challenging and long drawn affair. Firstly, as it wouldn’t be easy to sell off a business that you would have invested precious time, efforts and sentiment in building, and secondly, as selling a restaurant and handling all of the leads as w...
5 Factors before Purchasing a Service Station Business for Sale
5 Factors to Consider before Purchasing a Service Station Business for Sale Driving is the preferred mode of commuting for most Australians, and the wide network of service stations across the country has been instrumental in sustaining and building more momentum for road travel. Apart from fuel, gas stations have also been tapping into the immense opportunity provided by other income streams,...
How to Find a Business Broker for your Small Business
How to Find a Business Broker for your Small Business Setting up a small business is a big deal, and running it is no easy task. But selling it doesn’t have to be the same! Your business would be no less than a labour of love, and it is only fair that you get the best price when you sell it. Now, there are two ways you could go about this. The first way is to get the word out in your o...
Ask these 5 Questions Before Buying a Fast Food Business for Sale
Ask these 5 Questions Before Buying a Fast Food Business for Sale If there is one trend that is on the rise in Australia, it has got to be the foodie movement! Always on the lookout for new cuisines and culinary experiences to tickle the palate, this growing tribe is good news for everyone in the food and hospitality business. The last few years have seen a sustained increase in restaurant p...
Tips to find the Best Businesses for Sale in Victoria
Tips to find the Best Businesses for Sale in Victoria Building a business from scratch is no easy task. There are a zillion things to take care of – right from researching the market, to registering your business and applying for the required licenses, to creating a business plan, scouting for the right locations, setting up your office space, hiring the right resources and much ...
The Benefits of Investing in a Bottle Shop Business for Sale
The Benefits of Investing in a Bottle Shop Business for Sale Australians have an insatiable thirst for social drinking, which is bound to stay. From beer and wine to spirits and ready-to-drink mixes, the Australian crowd is always eager for more, it seems. Recent data from the Roy Morgan’s Alcohol Consumption Report, regarded as among Australia’s most comprehensive consumer...
Coin Laundry The Next Big Business in Australia
Coin Laundry: The Next Big Business in Australia! There are few businesses that have managed to not only stand their ground, but also thrive during the pandemic. Self-service laundries are among these. Coin laundries, as they are also known, are a proven business model in Australia. Estimates by IBIS World peg the revenue of this industry at $2 billion annually. Despite the Covid-19 im...
The Growing Hunger for a Food Business
The Growing Hunger for a Food Business Selling food is a hot business in Australia. It's estimated to be worth $200 billion a year, and with the country's taste for cuisines from around the world growing all the time, restaurant and takeaway food businesses are expanding too. But it's not just the restaurants that are benefiting here; specialist food businesses like bakeries and bars a...
The Beauty Boom Gets Bigger
Looking good has always been important across times and cultures, and this is something that will likely remain the same. It’s the age of lasting first impressions, and we are often perceived by the way we present ourselves. It isn’t surprising then that we have so many people around eager to do all they can to look better, and feel better – right from going to the gym, follow...
The Shifting Gears in the Car Wash Industry
Technology always seems to be evolving and it continues to bring to light the futures of various sectors. All the way from information technology and communication to automotives, the latest trends in the market help us predict the potential growth chart. This means that the right industries to invest in are always laid out in front of us, and all we need is a gleaning eye to see the best inves...
Why choose a business broker
If you were to ask most people- What is a Business Broker? You would find many struggle to describe the role, so it is only natural when looking to buy or sell a business that you question whether you need a business broker at all! A business broker is a professional who assists in the representation of the sale or purchase of a business at the negotiation or pre-sale of contract stage. ...
Unemployed and over 35? What can you do to secure a job in this recession?
Photograph: James Gourley/AAP With restrictions in Victoria still looming and Melbournians stuck within 5km of their home, many over the age of 35 have lost sleep since the Treasurer stood up in Parliament and announced their plans to recover from this recession. The Budget outlined a number of tax cuts, apprentice support programs, training and incentive packages for employers to ...
Restriction Ease in Real Estate Industry- What does this mean for your business sale?
As many of you may have heard yesterday, the Premier announced some early restrictions lifted due to positive decline of daily COVID cases in Metro Melbourne. We have been eagerly awaiting advise from REIV as to what that means for business brokers, as our agents have been hopeful of getting back out there and conducting inspections safely with potential buyers. Unfortunately, REIV has j...
The Virus Doesn’t Stop…… but neither do we!
2020 has been a challenging year and Melbourne has had front row seats on the never-ending Corona-coaster ride! Despite the devastation, COVID has caused to our city (and the entire world), our agents have been able to pivot their methods and sell over 26 businesses under COVID restrictions and stage 4 lockdowns. “It hasn’t been an easy year for small business- we know that f...
Greek mother of four wins Ausmumpreneur of the year 2020
THE WEEKEND NEOS KOSMOS | SATURDAY 12 SEPTEMBER 2020
What you need to know about Selling your business during the Pandemic
Selling your business can be a stressful and emotional journey at the best of times, let alone in the midst of a global pandemic! Absolute Business Brokers is an Australian owned, family-based small business and we can, therefore, relate to each and every one of our clients.The impact of COVID on the market is not like anything ever experienced before in the modern world. Ma...
A silver lining for buyers of small businesses
Chris Panagiotidis and Elle Likopoulos: the father-daughter team at Absolute Business Brokers. Shared from the 8/14/2020 The Age Digital Edition eEdition The pandemic is pushing many businesses to the brink, but also presenting opportunity for some. Small business owners, no matter what their business, have always shared a common bond: despite the many and varied challenges of running their ...
Working From Home – Tips to consider for a successful Home Business
Home-based businesses are a large part of the Australian business community, with nearly one million people running a business from home. Working from home can offer flexibility and convenience, and can often be a great opportunity to start a new career. We asked home-based business owners to share their best tips and advice. Here’s what they had to say about organizing a home office, ...
Preparing to Sell your Business for Retirement
Business Brokers Melbourne Building your own successful business takes years of sacrifice, commitment, hard work and sometimes little initial reward!For many small business owners their business is the “retirement nest egg” with many choosing to pour their financial resources in the business rather then building their Super.To help ensure you get the best possible result and rewa...
Business Brokers | Buy & Sell Businesses | Melbourne
Business Brokers Melbourne Are you looking to sell your business? Have you been looking to purchase a small to medium size business? Than look no further! Absolute Business Brokers are here to help you find exactly what you need. Having sold thousands of businesses means that we know how to get the job done and with a team of professional brokers with varying business exper...
Never too old to buy a business
As a business broker, I meet a large number of people who is wanting to buy a business and hear many stories and life experiences not limited to business experiences during the course of the day. I have recently had an interesting conversation with a man (Tom not his real name) in his mid fifties who thought he was too old to buy a business and had worked in a particular industry for the...
Do I Need A Business Broker
Why Do you Need A Business Broker Once you have made the decision that selling your business is the right decision, there are many steps to take and many more decisions to be made before announcing to the world that your selling your business. The first thing you need to consider is whether you will attempt selling your business yourself or whether you will appoint a busine...
What Is The Value of a Business For Sale
What Is The Value of a Business? The selling price is usually set by the owner who arrives at the sale price in a number of ways. It might be based on the previous purchase price, the original investment or by comparison with other businesses on the market. Other methods include the value based on future earnings, or on a comparison with the cost of setting up a similar business from scratch. ...
Buying a Business For Sale – Preparing To Buy
Before Buying a Business for Sale, Is Running a Business Really For You? Assessing the advantages and disadvantages of buying a business for sale is that it will help you to avoid a costly financial mistake. Ensure you have the right skills and research completed before committing yourself and your money to a business. Find out more about the industry that your business will be operating ...
Registering a Business Name
Registering a Business Name A business name is simply a name or title under which a person, or other legal entity, trades. It not only identifies you to your customers, but also allows you to differentiate yourself from your competitors and enables your customers to make an emotional connection to your business and brand. When setting up your business, if you choose to operate as a sole tra...
Register for a Tax File Number TFN
A Tax File Number (TFN) is a unique number issued by the Tax Office to individuals and organisations. Partnerships, companies and trusts need their own Tax File Number (TFN). A Tax File Number (TFN) can be obtained at the same time as an ABN, using the same application form. Sole traders use their individual TFN in dealings with the Tax Office. ...
First Time Business Owners
This year has been quite a challenging one for me as we have seen a large number of baby boomers putting their businesses on the market to sell and there has also been an increase in first time business owners trying to purchase their first business venture. The reason it has been challenging is because many of first time business owners have not done their homework on what is requir...
The Sole Trader – Small Business Information
What Is The Sole Trader? This is the most straightforward structure for a business. Basically it means the business decisions are being made by one person. Of course, it doesn’t necessarily mean that the business has only one worker. The sole trader can employ others to do any or all of the work in the business. What are the advantages? This type of structure is ideal if the business i...
Register for Goods & Services Tax (GST)
Register for Goods & Services Tax (GST) Goods and services tax, often known as GST, is collected by registered businesses. GST is a tax on most goods and services sold or consumed in Australia. If your business is registered for GST, you will have to collect some extra money (one-eleventh of the sale price) from your customers and pay it to the Australian Taxation Office (ATO) when it is d...
Understanding The Lease Agreement
In my experience one of the biggest obstacles when selling/purchasing a small business is the Lease Agreement! When venturing into the world of business you seem to be so caught up in your own plans and anxiety that you have little or no time to think long term effects of anything else. One of the most important ingredients to a successful business is your space i.e. location, size and lay out....
Should You Start a License or Franchise Agreement
Franchising Code of Conduct Franchising Business owners often consider whether the best model to grow their business is to make a license agreement or franchise agreement for their concept. Generally, licensing and franchising both involve selling the use of certain intellectual property rights to third parties, such as trademarks, software, or business processes. The key difference between a ...
Are you thinking of selling your business?
Absolute Business Brokers will provide you with a market appraisal that will ensure you are getting the necessary information to put you in the right position to get your business sold.