In this episode of The Deal Room Podcast, our host Joanna Oakey speaks with Nigel Hall, Director of Bonza Business and Franchise Sales about some of the most common questions small business owners have when selling their business.
They discuss considerations that should be given to current market conditions and the importance of being prepared when going to market. Nigel talks about how it’s best to sell your business earlier rather than later, and highlights the need for succession planning. They also discuss costs and the time it takes to sell a business as well as what can affect timeframes. Nigel shares his views on the value of getting a realistic appraisal of your business before going to market.
Episode Highlights:
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- 2:08 The top questions people who are thinking about selling their business ask
- 2:45 How is the market for selling a business at the moment?
- 5:05 How long does it take to sell a business?
- 5:34 What is the business worth?
- 7:47 Who’s buying?
- 9:43 Advertising and price is key
Connect with Nigel Hall
Bonza Business and Franchise Sales Pty Ltd
Relevant Episodes
[EP 254] Ask Me Anything: Should You Ever Push Back Against Your Accountant’s Advice?
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iTunes: https://podcasts.apple.com/au/podcast/the-deal-room/id1267098895
Our Business Sales and Growth by Acquisitions Services
Aspect Legal has a number of great services that help businesses prepare for a sale or acquisition to help them prepare in advance and to get transaction ready. And we’ve also got a range of services to help guide businesses through the sale and acquisition process.
We work with clients both big and small and have different types of services depending on size and complexity. We provide a free consultation to discuss your proposed sale or acquisition – so see our show notes on how to book a time to speak with us, or head over to our website at Aspectlegal.com.au
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