Scouting for a viable Australian business? Check these resources
Arwon Realty is a team composed of business property and finance brokers, and stock and station agents. They cater to property developers who are searching for prospective property developments in Australia. Their specialty is the listing and selling of Australian businesses for buyers who intend to relocate inter-state. If you are bent on buying any Australian business – from the wide array of choices by industry – you have come to the right place.
Business Shack.com.au is “Australia’s own business sales network”, which presents Australian businesses for sale by owners and brokers. They also do not require one to be a broker to be able to advertise a business for sale. The industry options include cafes and restaurants, manufacturing, postal services, property and accommodation, retail, services, technology and media, transport and storage, and wholesale. On the other hand, browsing by location is also possible, with businesses being offered at the Australian Capital Territory, New South Wales, Northern Territory, Queensland, South Australia, Tasmania, Victoria, and Western Australia, among others. Searching by date and by price is also possible.
Business for Sale.com.au offers an extensive database of Australian businesses that are being sold by private entities. Their offerings come with vivid photos and a comprehensive business profile, including the contact details of the sellers. There is a wide variety of businesses that one can select from including “caravan parks, motels, coffee shops, import-export businesses, restaurants, wholesale businesses, gift-ware shops, manufacturing retail businesses, and franchises” and a lot more. There is also a section for Franchise and business opportunities, explaining the advantages of obtaining a franchise. On the other hand, the Business wanted portion offers assistance in case a buyer does not find what he needs from the current listings. In Selling a business or franchise, one is given the chance to sell through the assistance of their network of brokers of agents.
Australian Business for Sale.com presents opportunities for franchising, and similar business offers within Australia. The provide advertising services for a wide range of clientele including business owners, brokers, agents and realtors who present their business for sale, franchise opportunity or business opportunity at the site. It likewise has the facility for surfing businesses by state or by industry.
Some say tourism is synonymous with Australian business, since the tourism, service and financial sectors account for 69% of the country’s GDP. The good news about Australian capital is that it’s been continually growing over the past 15 years, with low unemployment, low inflation and a strong mining industry. Drought has been a wrench thrown in Australian agriculture this year, although the streak of bad luck is forecasted to improve. Australians live in a very global economy, having become powerful players in the Asian markets, especially since many of the immigrants in Oz are from Japan, the Philippines, mainland China and South Korea.
Globalization is a big part of business in all industrialized countries, but more so with regard to business in Australia. Liberal immigration policies following the world wars has added thousands of citizens from Japan, mainland China, Vietnam, Fiji, South Korea and the Philippines to its shores. For this reason, there is a good working relationship with these other nations and the Chinese industrial world has a growing demand for Australian minerals and fuels. The rise of China’s middle class added another agricultural market to Australia’s list, which previously exported mainly to Japan. It is estimated that one out of two of Australia’s export dollars are now earned in Easy Asia (3/4 in the Asia-Pacific realm, in total). Half of Australia’s foreign direct investment occurs in Asian countries too.
Another characteristic of Australian business is that there is a strong financial center. Following a merger in 2006, the Australian Stock Exchange and the Sydney Futures Exchange became the 8th largest exchange in the world. That year, the Australian Stock Exchange saw a total market capitalization of $1.4 trillion, with 148,000 equities and 400,000 futures-and-options contracts traded each day. The financial sector, which has been growing steadily at 5% each year, employs over 380,000 Australians. The term “lucky country” is often used to describe the land down under. Australians proudly use this term in reference to their abundance of riches, their geographic isolation and their pleasant climate. However, social critic Donald Horne used the phrase a different way, saying that Australia was lucky that the economy hadn’t collapsed from its business climate being seized by trade barriers and tariffs, overprotective labor unions and low natural resource wealth.
There are many reasons a business owner would decide to sell their business. Family commitments, financial, location and health are just to name a few.
It would be safe to say that it is one of the biggest and hardest decisions they are asked to take.
There are many issues before you consider selling your business. Thorough research and analysis of your business is needed to ensure that you make maximum profits when putting your business on sale.The very first important thing is time. You must know whether it is a right time to put your business on sale or not. If you feel that the market is down, and the prospective of a good deal are not visible, you should think to hold back your decision. You can use this time to make your business is attractive to good deals from investors.
Below are some of the issues that you will need to solve prior and during the sale of a business:
- Inadequate preparation
- Negotiating with the wrong buyers
- Failing to identify best buyer
- Over-pricing the business, resulting in a reduction of interest and in some cases eliminating interest all together
- Failing to understand buyer’s motivations
- Structuring deal incorrectly
- Failing to obtain full value – at least value your business with the help of a professional if you intend to sell the business alone
- Waiting too long or selling too soon
When finding buyers, many sellers qualify people in a desperate attempt to get as many offers as possible. As a result, a lot of time is wasted with buyers that are not serious which could have been used with the serious potential buyers that have now lost interest
Not ensuring your partner/spouse likes the business too – if they don’t you’ve got problems!
Then, there are issues about tax and some governmental responsibilities that you might need to address. Changing of ownership and all other paper work needs to be done carefully so as to avoid any problems in future. These are some of the main issues that you need to sort-out once you decide that you need to sell your business. When you are confident that you have worked out on all of them, you are ready to decide whether you should put your business on sale or not.
Australian Businesses on Sale
It sounds somewhat difficult to put your business for sale; when in the traditional sense, business includes selling some products and services. But lately there are many causes that have increased the list of Australian businesses for sale.
One of the major reasons of Australian businesses for sale is that people are looking to get the worth of their business. This feeling has another reason also, as many foreigners are looking for opportunities in Australia and they are moving to Australia to start new businesses. This may include buying already established businesses and opting for franchises of various types of businesses. Some of the business owners also feel that they can’t sustain the competitive market that is growing day-by-day, and they are forced to list their business details on Australian businesses for sale-lists.