We will design a half-page ad for your listing and include it in our next digital magazine. (valued at $310 +GST).
6 month and Until Sold Package include a 1/2 page ad in one edition
List your business for sale on Bsale for 6 months. This is our most popular option.
Selling a business privately means you are selling it without the assistance of a business broker or agent. The sale of your business will require a solicitor to prepare the necessary legal paperwork and an accountant to analyse your tax obligations and prepare financial documents.
Bsale is an advertising platform dedicated to driving enquiries. Our goal is to send quality leads to our clients (business owners, brokers and franchise groups) so they can negotiate and ultimately sell the business. So whilst we cannot 'sell your business' we can generate you the leads and find the potential buyer, so you can sell your own business.
No, Bsale is an advertising website with the goal of generating leads for your sale. We have a flat advertising rate.
It is a good idea to use a lawyer, solicitor or conveyancer when selling a business as you want the sale to be legally binding.
A good commercial business lawyer will walk you through the entire sale process; this includes preparing necessary documents and guiding negotiations. You want to ensure you are properly represented in the business sale so everything runs smoothly through to settlement. The buyer may also engage a solicitor during due diligence and negotiations.
The best way to assess what your business is worth it to get a market appraisal. Business brokers will provide you with a market appraisal of what they think your business could sell for. Appraisals are often provided free of charge by a broker as they would like you to become a client, and it’s part of their sales process, though some may charge a fee. There can be many variations in a business’s appraisals, depending on the broker's perspective and what they consider valuable.
It is a good idea to approach three business brokers who understand your industry and have experience selling your type of business. There is no point applying a calculation you find online as businesses are so varied, you want to get an accurate appraisal for the current market conditions. At the end of the day, you want to know what your business could sell for in the current market and ensure it’s priced correctly and is not too high or too low.
If you are selling a small business (under $100,000) many owners choose to sell it privately or by themselves. You will need to get the business prepared, market it for sale, find a buyer, negotiate, exchange contracts and reach settlement and handover.
You need to engage the following professionals to ensure you understand the legal process and tax obligations:
You can sell your business without a broker on Bsale. We are an advertising and marketing platform dedicated to finding buyers for business owners and their agents.
Yes. It’s important to have an exit strategy as part of your business plan. An exit strategy will outline what happens to the business when the current owner decides it's time to leave. The strategy could involve selling to a competitor, engaging a business broker, transferring ownership to a family member or selling privately. It will outline when is the best time to sell; perhaps when net profit reaches a certain point, when the owners plan to move, when a patent or trademark is approved or when the owner is ready to retire.
In reality, very few business owners have an exit strategy and usually sell their business when life forces the sale, such as; relocating, sickness, retirement, increased expenses or downturn in profit. If you give yourself enough time to plan your business sale, you can set up an exit strategy.
FSBO means ‘for sale by owner’. It is a common term used in the real estate industry when someone is selling their own property. It is sometimes used in business sales, though it is more commonly referred to as a ‘private seller’.
Our packages are based on 3 months, 6 months, or until sold.
The best way to sell your small business is with the assistance of professionals. You want to make sure you have the right people around you to guide you through the process. Depending on your business’s circumstances, you may choose to sell it privately or via a business broker. You will need to have an accountant and lawyer to assist with the necessary documents.
Capital gains tax applies to business sales in Australia. There are currently four small business concessions that could reduce your CGT payable. It is important to get the assistance of an accountant early on when you're preparing to sell as it could affect when and how the sale is structured.
A helpful section on the ATO website outlines what happens when changing, selling or closing a business.