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How To Sell My Business in VIC

Learn how you can:

Sell your business in VIC without a broker
Pay No Commission and save thousands
Maximise your exposure

How To Sell My Business in VIC ebook guide

This eBook shows you how to sell your business in VIC, Australia, just like a broker would. We’ll help you save money. We’ve helped thousands of Australian business owners save over $48 million in commission over the last 12 months alone!

Download the Free Business Seller eBook Now

Avoid common selling mistakes when selling a business in VIC with our Business Seller Guide eBook

We’ve helped nearly 18,000 business owners sell their businesses since 1999. They’ve saved over $630 million—and counting. By not charging any commissions. It is easy to do with our help. Download your free e-book now and learn how you can be a happy seller, too.

How Do You Sell an Existing Business in VIC?

Selling an existing business in VIC as opposed to a new start-up business is somewhat easier, as your business has history, customers in place, procedures, staffing etc. Whereas a start up business is basically a technical shell and a vision. Selling an existing business in the state of Victoria would require a Section 52 and a Contract of sale which can be obtained by your solicitor or any solicitor who practices in Victoria.

What is needed to Sell My Business?

As a For Sale By Owner seller or Private Seller, it is important to choose the right marketing campaign to ensure you attract the maximum amount of potential buyers to see your business for sale. There are multiple campaign options, some include international exposure and strategic social media campaigns. Depending on your campaign chosen, No Agent Business also include major websites in Australia like: SeekBusiness.com.au, BusinessForsale.com.au, CommercialRealestate.com.au, Anybusiness.com.au and a multitude of others. All good quality Australian Portals to showcase your business to potential buyers. If you are not quite ready to go to market, then this handy booklet is available for you which highlights some of the things you need to do/prepare, prior to you selling your business: Please also consider that a business can take a while to sell. With the thousands of businesses sold through No Agent Business, the average sale time is around 6 months, however some businesses have sold within days!

How to Arrange Appointments with Prospective Buyers to Sell My Business?

Prior to prospective buyers coming to see your business, you need to qualify them. When dealing directly with a prospective buyer it is important you identify their motive: Why are they interested in buying my business; Do they have the skills required; Will they require training; Is their motive money or lifestyle; Do they have the finances to buy your business. When selling your business, preparation is the key, as it is not always about the financials. Potential for growth, the current operations, the ease of getting new business and your position in the market place, competition, are all other important measurements that prospective buyers will be interested in. Having an Information Memorandum already prepared covering all of the above plus much more is highly recommended to have prior to any prospective buyers enquiring about your business. An Information Memorandum (or Product Disclosure Statement (PDS) is a descriptive snapshot of your business, its history, current status and projected future position, benefits and possible improvements/further potential. The primary purpose of this document is to motivate potential buyers to buy your business and not someone else’s!

How Can I find a Buyer to Buy My business?

Yes, I’d like a buyer to buy my business, so to find buyers, it is all about making sure you get the best exposure (advertising your business for sale online) in order to have your business in front of as many potential buyers as you can. This can easily be achieved even if you do not want to disclose your business name or location. It is the industry that is likely to be of interest to buyers, so advertising your business without disclosing your business name can be done. Advertising your business online is the fastest way to inform buyers of your business sale. Sites like Seekbusiness.com.au and CommercialRealestate.com.au, Anybusiness.com.au are among the largest sites to advertise your business for sale. You can list your business on these sites but it is recommended to use a company like No Agent business who are official subscribers and can list more cost effectively. Click here to see available packages to sell your business: https://www.noagentbusiness.com.au/sell-business-online-packages/

Sell your Own Business: Negotiating a Price with the Buyer to Sell My Business

Now that you have advertised your business, the buyers will come. Depending on the demand of your business, your location and industry, is often dependent on the volume of buyers. When you have more than one buyer interested, then you are in a far better negotiating position. But this may not always be the case. Buyers and sellers share a critical commonality: To get the deal done. As a business owner, you should: Do the homework on your own business, your competitors and how you stack up against them. The prospective buyers would no doubt have done this. So, stay on top of the game! Know who you are negotiating with (search and understand who they are and their motivation / interest in your business before meeting with them). Be realistic with your sale price: Just like anything else you sell, if you have an unrealistic price, then buyers may ‘shy’ away unless they see huge growth potential and even then, it is harder to sell a business on growth alone. Make strategic concessions: Instead of lowering your sale price, consider other options that can be added, such as a longer transition time (you stay longer to help in the initial changeover) or perhaps you have additional equipment you can include or an old vehicle. The more you are negotiating the closer you will get to a deal. Appreciate the buyer’s perspective. Common sense prevails here: The more you respect one another when negotiating, the more likely you are to reach a mutual decision. Have a walk-away price. You must have this in your own mind before you start your negotiations. Remember it’s ok to walk away. There will be other potential buyers. Just make sure you are walking away without emotion as the driver. Click here for additional tips to sell your business: https://www.noagentbusiness.com.au/business-commercial-guides/

Can I Sell my Business in VIC During Coronavirus?

Victoria has suffered more than the other states or territories in Australia due to Coronavirus, as it has been under Stage 4 much longer than other places. Under stage 4, even agents or brokers have not been able to show a prospective buyer the business premises. Additionally, many businesses especially in the hospitality, entertainment, and travel have had to close their doors. Yes, even if you have closed your doors, or your net income is down, businesses in Victoria are still selling. In fact, since the Coronavirus hit us, the volumes of buyers reported by major sites like SeekBusiness, BusinessForSale and CommercialRealestate.com.au has been increasing more than 25% than the same time pre-covid. There are a number of reasons for this. 1. Skilled people have lost their jobs and have decided to take ownership and buy a business themselves in an industry they are skilled in. 2. Financial institutions have become more lenient in lending to purchase a business. 3. People are re-locating and when they do, they often look for a business in the area they are living.

We Get Results!

How To Sell My Business in VIC

Download the Free Business Seller eBook Now

Avoid common selling mistakes when selling a business in VIC with our Business Seller Guide eBook

How Do You Sell an Existing Business in VIC?

How Can You Sell Your Small Business Fast?

Do I need a Solicitor to Sell My Business in VIC?

When is the best time to Sell My Business in Australia?

What are the Benefits if I Sell My Business Without Agents or Brokers in Victoria?

What is needed to Sell My Business?

How to Arrange Appointments with Prospective Buyers to Sell My Business?

How Can I find a Buyer to Buy My business?

Sell your Own Business: Negotiating a Price with the Buyer to Sell My Business

Can I Sell my Business in VIC During Coronavirus?

Why choose us?

1230

$55,475,958

$688,607,912

20318

We can list your business on

Avoid common selling mistakes with our free Business Seller Guide

We Get Results!

How To Sell My Business in VIC

Download the Free Business Seller eBook Now

Avoid common selling mistakes when selling a business in VIC with our Business Seller Guide eBook

How Do You Sell an Existing Business in VIC?

How Can You Sell Your Small Business Fast?

Do I need a Solicitor to Sell My Business in VIC?

When is the best time to Sell My Business in Australia?

What are the Benefits if I Sell My Business Without Agents or Brokers in Victoria?

What is needed to Sell My Business?

How to Arrange Appointments with Prospective Buyers to Sell My Business?

How Can I find a Buyer to Buy My business?

Sell your Own Business: Negotiating a Price with the Buyer to Sell My Business

Can I Sell my Business in VIC During Coronavirus?

Why ﻿﻿﻿choose﻿﻿﻿ us?

1230

$55,475,958

$688,607,912

20318

We can list your business on

Avoid common selling mistakes with our free Business Seller Guide

Why choose us?