We understand that buying or selling a business can be an intense time.  Therefore we provide you with a list of actions required by you to ensure that settlement runs smoothly.

We always recommend that as a Buyer of a Business you conduct Due Diligence yourselves and with the support of a registered Chartered Accountant.

ITEMS TO TAKE INTO CONSIDERATION:

1.       daily takings.

2.       bank statements.

3.       deposit books.

4.       cheque books.

5.       profit and loss sheets.

6.       last 3 years tax returns and current wage reports including                       superannuations, holiday pay, sick leave and long service leave.

7.        BAS statements.

8.        Vendors daily books.

9.        Any other pertinent fact that effects the type of business that you are     purchasing.

KEY POINTS OF A BUSINESS SALE:

A.   Lease

B.   Staff

C.   Stocktake

D.   Due Diligence

E.   Plant & Equipment

F.   Operating Systems

G.   Funding

H.   Licences

I.   Business Name