Buying

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People purchase businesses for a variety of reasons. Some of these include:

-Financial security
-Job stability
-A legacy to pass on
-Secure retirement
-Huge money earning potential
-Freedom of being your own boss

If you are new to the business game, you might want to consider the following points:

-Advantages of buying over starting fresh
-Is the business suited to your skills and background?
-Employee information
-Costs involved
-Profit & Loss of the business
-Pre-existing lease agreements

As mentioned above, there are many costs involved with the purchase of a business. It is of utmost importance that as a buyer, you must consider all possible costs involved before taking the plunge. Some of these costs include:

-Total purchase price
-Stamp Duty
-Accountant's fees
-Solicitor's fees
-Bank Interest
-Stock
-Outstanding debts

There are also many other responsibilities concerned with owning and operating a business. These include:

-Payroll
-Training
-Debt Collection
-Superannuation
-BAS & TAX
-Competition
-Advertising

If all of this seems complicated, don't be put off - owning and operating your very own business can be the best decision of your life if it is planned for. This is where the East Coast Business Brokers team comes in.

ECBB offer's a full end to end service, of careful and detailed planning from beginning to end. We will meticulously monitor every step of the process to ensure our clients a smooth and efficient transaction every time.

 

News Flash

 

Mackay is quickly becoming a boomtown as a result of the thriving mining industry.

 

People are migrating to Mackay for a taste of the tropics with a typical daytime temperature between 21 & 30 degrees and an average yearly rainfall of 1585mm.

 

Why would you live anywhere else?