Thinking of buying a business? Many businesses are available for sale. In fact, some experts are predicting that, over the next ten years in Australia, businesses worth approximately $1.6B will be offered for sale. Therefore, it's a buyer's market and you'll have plenty of opportunities.

Without a proper foundation most businesses will fail within the first 10 years of operation. These are the types of questions that you need to be asking yourself when buying or commencing a business:

  • What do I need to know about running a business that I don't?
  • How much should I, or can I pay for the business?
  • Can the business run without the current owner?
  • Do any assets need replacing and do the assets meet safety requirements?
  • Has the vendor been able to identify a unique competitive advantage?
  • What needs to happen to ensure the business starts smoothly?
  • How do I employee people and have them increase profitability for my business?
  • What do I need to do to run my business and still maintain my work-life balance?

EnVision Partners can help you answer these questions and assist you with all the due diligence aspects of business start up.

Contact EnVision Partners today for a complimentary business needs analysis appointment to find out how we can assist you with this decision.

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