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Melbourne is the capital of Victoria and the 2nd largest city in Australia, home to 5 million people. The best place to start buying a business is to conduct a search in the Melbourne region; you can then narrow the results by keywords, category or price.
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Melbourne has a very vibrant art, cafe and restaurant culture. It has famous street artwork throughout the city, which is a popular tourist attraction. As with most major cities, you can purchase just about any type of business, from construction to tourism to retail or hospitality. The type of business you purchase in Melbourne will depend on your experience and preferred location.
Melbourne has several major suburbs with business districts, here are the 6 of the most popular suburbs:
You can type a particular suburb on the search bar such as ‘St Kilda 3182’ and see business opportunities within 10km of that suburb. It's important to note that many businesses advertised for sale wish to remain confidential so won’t display the actual suburb; they may be placed under ‘Melbourne CBD 2000’. It’s a good idea to search for the particular type of business you are after and extend the radius to 100km.
Yes, business brokers are the professionals who help people buy and sell businesses. In Melbourne, many quality brokers can help you purchase a business and guide you through the due diligence process. When you make contact with the seller, you may be contacting a business broker about the sale.
In Melbourne, the first step to selling your business is getting it prepared and having an exit strategy. The better prepared your business is, the higher the chances for an optimum sale price.