Buying a Business

Everything Business Buyers Need to Know

Connecting Buyers to Businesses

Buying a business is a much more straightforward process with Merchant Business Brokers, as our purchasers are given 24/7 access to our technologically advanced website, providing them with the ability to review business summaries, enter into a confidentiality agreement and from there receive information memorandums. It is an efficient and very progressive way of buyers finding the right business.

When you engage with Merchants website or our team you will have access to our extensive and industry leading resources, skills, acumen, contacts and a database of sellers that allow Merchant to help buyers find their ideal business. We’ll show you firsthand what sets Merchant Business Brokers apart from other business brokers.

As experienced brokers we know and understand that finding a business, not just a business but the right business isn’t as easy as it may appear. We offer professional support and can work with you by offering ideas, thoughts or additional resources to ensure that you are heading in the right direction.

Merchants team are a trusted business brokerage and members of the professional industry bodies such as the Australian Institute of Business brokers (AIBB) and Business Broker Network of Australia (BBNA).

At Merchant, our aim is to be the best at connecting people to businesses that creates opportunities, wealth, fulfill dreams and enrich their lives.

Are you ready to start a conversation with Merchant Business Brokers?
WHAT BUYERS NEED TO KNOW

A small-to-medium enterprise (SME) can be one of the greatest assets a person can own and provide the greatest return on investment.

Most successful businessowners can generally be known for working well outside of normal hours and/or may – in time, be able to work as much or as little as they want. People have different needs at different times in their lives and often look for different things so it is important to know why you want to get into business. It’s important to find the right business (independent or franchise) that suites your family, your lifestyle, your needs plus should also match your skills set, experience and your budget/income requirements. Is it for the right reasons and have you got what it takes?

Attitude, commitment and certain skill sets you possess can often have a huge impact on your level of success and will make or break your business ownership experience.

WHERE TO START?

There are perhaps two initial aspects that you should get some clarity on before starting the process to buy a business. What are your strengths? What can I afford to buy?

Example: A banker is not logically going to be good at running an engineering business or a retail trained person perhaps not so good at building pools or a mechanic good at running a restaurant. The point being it is often more logical and an easier path to buy a business that matches your skill sets and your experience.

KNOW YOUR SKILLSET
  • Financial management
  • Administration
  • Compliance
  • Marketing
  • Merchandising
  • Customer relations
  • Networking
  • Manufacturing/hands on
  • Human resources

Not many people are capable of successfully managing and evolving all aspects required to run a business.

GETTING TO THE POINT

It may not be wise to look at businesses that are against your strengths unless you have a support structure or systems that can help, otherwise you will potentially struggle or spend a lot of time and money in areas you don’t want to manage.

By contrast if you buy a business that aligns with your skill sets and more importantly your interests it will make for a more harmonious and rewarding experience and may assist with growth of the business.

Buying a Business Blog Posts

We’ve created a range of articles to help you understand the process of buying a business. This includes information about the steps involved and how to decide which business is right for you.

How to engage the broker or the owner? Be transparent with the broker and owner – offering a little about yourself Ask fair dinkum questions that the answers will help you make a decision to withdraw or progress Communicate your feedback as honestly and quickly......

What is the process if I am interested and potentially heading towards making an offer?(steps to getting ready to make an offer) Okay, you have been through quite a process so far in looking more deeply at a business you like. You have sought advice......

What should I do with the information and what questions should I ask? With any enquiry you make on a business the agent should have you complete a confidentiality agreement if not straight away atleast after providing you with some general information. At Merchant Business......

What type of businesses should I be looking at?(how do I know what is out there and suitable?) Know your strengths and know what you enjoy. This means that the skills you have developed or learnt in some way match those required in the business......

Finding a business for sale may depend on what type of business you are looking for and what price your budget will extend to. Here are some places and ways you might find a business for sale; 1. Key word search via your internet browser......