Category Archive for : ‘Selling a Business’

Planning on selling your business or handing on to a family member?   PJT in conjunction with CBA, Savvy Business Sales and Garland Waddington Solicitors last night hosted a tailored seminar for business owners looking to sell or exit their business.

The seminar which ran for 90 minutes provided key information from the finance, accounting/advisory, legal and broking points of view to help business owners be prepared for their next steps.

30 business owners from right across the Sunshine Coast were in attendance from the transport, retail, medical, and business services sectors.

Advice was

Managing the sale process:  On a recent road trip I spoke with a lot of business owners who were in the process of selling. It amazed me that nearly all of these owners had some wonderful ideas about how the new owners could improve the business and what potential their business had.

It’s an interesting comment because whilst there may be potential unless some of that potential is in the profit figures it is usually something a buyer is not willing to pay for – it also raises a very simple

To get the best possible price for the sale of your business, there are couple of things you need to put properly into place. You need to check on your systems, procedures, technology, personnel, profitability – all contribute to what you’re going to get when you sell your business.

One key factor is knowing when the right time to sell is. Selling a business is not as easy as selling second hand goods – it requires preparation in order to achieve the best price possible. If there are impulse

Running a business can take its toll, personally and professionally. Business owners looking to exit the business for any reason should we well advised to plan a good exit strategy.  This helps ensure you’re exiting for the right reasons, will have a good sales strategy and valuation in place, and minimise tax implications.  Just like the strategy PJT implemented for one of its clients recently…

Background
Our client is in the landscaping supplies industry, employing approx 10 – 15 staff. They are a family business trading successfully for over 30 years, until

A normal will as most people know them is fairly straight forward. A business will is no different.

You may have heard of them as a buy/sell agreement, and the best way to describe them is by using a simple example:

Tom and Terry are partners in a very successful accounting business. They both own 50 percent of the business. At age 45 Tom dies suddenly. Sadly they have no business will.

Upon Tom’s death, his 50 per cent share of the business is left to his wife Sally. She has no expertise