2 Businesses sold so owner can retire

11th of October, 2021
2 Businesses sold so owner can retire

At NAI Harcourts Rinnovate Business Brokers, we specialise in getting the challenging sale transactions completed.

We have recently assisted a client with the sale of two of their businesses, to enable them to retire successfully.  Both transactions were complex, and we were able to structure a sale of each business to deal with the particular issues involved. 

One was a Pallets business, operating through a National Agency Agreement. The sale needed to take into account the approval requirements of the national company over a 12 month period post-sale, and the buyer had to be prepared to take the risk on buying into the business and subsequently meeting these requirements so as to gain a long-term Agency Agreement.   

This risk in turn affected the financing of the purchase.  The transaction was completed successfully.

The other business was a quarry and related retail distribution outlet.  While there was substantial interest in the quarry, the vendors did not want to sell this without also selling the retail outlet.

A suitable buyer was sourced, and we worked with them for over 12 months to meet all the requirements for the sale to proceed.  This included a separate sale of some plant/equipment items, and a vendor-financing arrangement.



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About the author


Veronica Doxey

Director

Veronica’s professional career began with the ANZ Bank for a period of 25 years. During that time she worked throughout regional Victoria. Following her successful career in the finance industry, Veronica joined the Macquarie Media Group in direct sales and marketing, further extending her impressive network of professional contacts. 

Through operating her own Bed and Breakfast business for more than 20 years, as well being an active sportswoman and club member enjoying tennis, golf and gardening, Veronica has developed an ever-growing, comprehensive and enviable community of contacts and friendships. 

Veronica delights in matchmaking businesses. Whether you've always dreamed of running your own business, or you have built a successful business that deserves new operators - let Veronica introduce you. 

First-timers in business will benefit from Veronica's expansive knowledge of location, local need for products or services including competition and local consumer behaviour insights.