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Buying a business in Sydney, NSW is an exciting opportunity to be part of the business community. Sydney is home to 5.2 million people and is the largest city in Australia. The best place to start buying a business is to conduct a search in the Sydney region; you can then narrow the results by keywords, category or price. It's a good idea to save your search results and listings so you can easily find them later. Once you have found a suitable business, you can contact the seller via the form. They may request you complete an NDA to keep the business details confidential. You can then discuss the business further and conduct due diligence.
Sydney is the largest city in Australia and is home to the famous harbour bridge and opera house. As with most major cities, you can purchase just about any type of business, from construction to professional services or hospitality. The type of business you purchase in Sydney will depend on your experience and preferred location.
Sydney has several major suburbs with business districts such as CBD, Parramatta, Castle Hill, Bankstown, Chatswood, Hornsby and Miranda. You can type a particular suburb on the search bar such as ‘Burwood 2134’ 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 ‘Sydney 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 Sydney, several quality brokers can assist you in purchasing a business and guiding you through the due diligence process. When you make contact with the seller, you may be contacting a business broker about the sale.
Sydney is NSW’s capital city, so it has businesses for sale from $50,000 - $1,000,000 +. Businesses may be established as a sole trader, partnership, franchise or company. How much money you need to buy a business in Sydney will depend on several factors such as the capital you have to invest, your desired ROI and your expected weekly income.
In Sydney, 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. Check out Bsale’s 6 Steps to prepare a business for sale; it will provide a check-list and a general step-by-step guide. There are licensed business brokers in Sydney who can assist during the sale process and list your business on websites such as Bsale. Check out our ‘find a business broker’ section to find a broker to sell your particular business. Bsale offers advertising to business owners, brokers and franchise groups.