August 14, 2017 at 1:50 pm #96100
I really enjoyed reading this article. It was very informative. My case might be a little bit more complicated, since I am not from Australia, but my family and I have a plan to move there by end of this year. We would like to invest our money in a small business (hair salon). We have relatives who live there and they could help us with a loan. Our main concern is paper work and checking if business is profitable or not. My question is: is there any agency that can be hired to do all the required check ups and how much on avearge this would cost and how much time it would consume before we get feedback on selected business?
Thank you!August 14, 2017 at 1:54 pm #96209
That’s a great question. Yes, there are agency-type organizations that can help you with purchasing a business. These organizations are called “business brokers” and they can help with everything from identifying a business, negotiating the sale price, doing the due diligence, and making sure all paperwork/legal requirements are complete.
As of now, we don’t have a preferred business broker, but I linked to the business broker Wikipedia page for more information. What I’d suggest is ask your network and Google around for the top business brokers in your area and then reach out to them for more information.
We also have an ultimate guide on how to buy a business, which might have the information you need.
Hope this helps!