HOW TO PREPARE YOUR BUSINESS FOR APPRAISAL AND PRESENTATION FOR SALE

Properly preparing your business for the initial ‘business assessment phase’ will help provide the most detailed and accurate results – which in turn may help guide you on making a more informed decision when it comes to selling your business. The initial assessment and subsequent appraisal, heavily relies on a review of the following areas of your business:

General (History | Overview | Core Activity | Plant & Equipment)
Financial (All Financial information requirements)
Personal (Owner involvement | Buyer Training | Reason for Selling | Other Benefits to a New Owner)
Operational (Systems | Procedures | Owner Skills | Staff/Clients | Licensing | Leases)
Growth (Business Trajectory | Industry Developments | Growth Opportunity | Improvement Opportunity)
Marketing (Competitors | Substitutes | Target Market | Repeat Rates | Competitive Advantage | USP).
NOW more than ever, we recommend potential sellers of businesses start planning, by keeping accurate details of what effects COVID19 has had on their businesses post February 2020. This includes compiling a detailed list of what may have changed with regards to turnover, profits, rent paid, staff rostering and staff levels, job keeper eligibility, and any extraordinary costs incurred. Along with changes to their product and service offerings, customer base, suppliers, and competition.

Click here to see full guide on how to achieve an accurate assessment of your business

For more details or to book a confidential business assessment, subsequent appraisal, and action plan for selling your business, call me or one of my team today.

1	All information supplied is my/our responsibility to verify and confirm. I/we agree not to hold Verified Businesses or its salespersons responsible for its accuracy, liability or loss suffered by me/us in relation to the information contained in any Business Profile/Information Memorandum.
2	I/We agree that the Business Profile / Information Memorandum supplied are confidential and I/we agree not to disclose them to any other person except our legal, accounting or financial advisors and bankers.
3	I/We agree not to disclose or to use information or contacts provided to us, to other parties who may become competition.
4	I/We agree NOT TO CONTACT the sellers or any of their employees at any time prior to settlement of any contract that may be agreed to between ourselves and the seller.
5	I/We agree that all inspections of the business are to be by an appointment approved and organised through Verified Businesses only.
6	I/We understand that Verified Businesses relay information of any business provided by the seller in their capacity as a representative of the seller.
7	I/We understand that Verified Businesses does NOT investigate the truth, or accuracy of any information supplied, or conduct a due diligence process in relation to it, or make professional or other judgement about the materials supplied by any seller.
8	I/We agree to respect the privacy of the seller and agree to either return or destroy all material related to any businesses if I/we do not proceed with the purchase.
9	I/We agree to be included in Verified Businesses’ database and to receiving emails regarding any other business that Verified Businesses deems to be a possible purchase by us, and if I/we do not wish to receive any further information, I/we will advise Verified Businesses accordingly.
10	I/We acknowledge that I/we have read and understood the above conditions and agree to be bound by them.