Since 2000, Bsale has been an affordable, quick and easy method to advertise and sell a business online. Business brokers, franchise groups and private sellers choose Bsale with its 20+ years of experience. Bsale is a proven safe and secure online platform to sell a business or franchise opportunity to buyers. See the businesses for sale that are currently online.
Bsale understands how to market and sell a business.
Want to sell a business for your client? We have packages for real estate agents who only sell a few businesses a year.
We can show you how to sell a business in Sydney, Melbourne, Brisbane, Perth, Adelaide, Hobart, Darwin, Canberra.
In Australia, a business or franchise owner may sell their business privately (i.e. without an agent) or engage a licensed agent (i.e. real estate agent or business broker). Selling a business involves several steps and processes, including; preparation, appraisals, marketing, fielding enquiries, negotiations, offer and acceptance, due diligence, exchange of contracts, settlement, handover and training. Business brokers are licensed professionals in Australia to assist business and franchise owners in selling. A solicitor is required to prepare and review the legal documents, and an accountant to prepare financial records and review tax obligations.
Bsale provides advertising options to business owners, business brokers and franchise groups. We realise that selling a business requires finding the right buyer, and we have been in this industry since 2000. To sell your business via Bsale, you need to select which type of seller you are and view the current packages available.
Always seek professional legal advice when selling a business. Every state has different laws, and you want to be sure that the business sale is structured correctly for your state. A business sale usually requires a Contract of Sale document that the seller’s solicitor prepares. This document will outline things such as; assets being transferred, property details, fixtures, stock, patents, trademarks, liabilities, employee details and entitlements, training periods and more. During the Due Diligence process, the buyer's solicitor will usually look over the contract and may want to make adjustments. There is usually a period of negotiations between the buyer and seller before settlement. Once the settlement has occurred, it is the seller’s responsibility to transfer all the relevant services such as leases, licenses, ABN, Business names, trademarks, patents etc. and finalise any tax or employee obligations.
In Australia, the average is 6-9 month for businesses. Obviously, there can be variations to this as some businesses may sell in 3 months, others in 2 years. The variation depends on a few factors; whether a realistic asking price is set; location of the business; whether it’s a niche market; the value of the business; available buyers; whether the business is prepared for sale; the agent you engage and the way you market the business for sale.
If you advertise and sell your business privately, you are looking at <$1,000 for marketing costs plus additional legal and accountant fees. If you are engaging a business broker, you will be looking at marketing fees and a sales commission (around 5-7%) usually $15,000+. There are also tax obligations to consider such as Capital Gains. Tax.
There is so much variation in the size and value of businesses, so the cost to sell a business will vary a great deal. Its always important to obtain professional advice when selling a business.
In Australia, you have the option to sell your business privately, or you may engage an agent to assist you. Only licensed business brokers and real estate agents can work on your behalf to sell a business. Usually, you will enter into an agency agreement for 3-6 months, in which time the agent will assist you in selling the business. Every state has a governing body that oversees the licensing of agents.