Business Valuations in Brisbane

The experts for business valuations in Brisbane

When you are buying or selling a business, the most important thing you need to know is what the business is actually worth. This is the information a business valuation provides, and it prevents you from buying too high or selling too low. The best place to get business valuations in Brisbane is Quill.

Our team includes a diverse range of business and financial experts who will work together to provide a reliable and accurate business valuation.

We leave no stone unturned in our due diligence investigations, making sure the business really is in a saleable condition before it is sold.

If you are selling your business, it is always in your best interest to tie up any loose ends that may potentially hold up the sale or raise concerns for the buyer. Matters that are not properly resolved can affect your business value, and quite often it is easy and inexpensive to get everything squared away in advance of the sale.

Buyers should be careful that they are not buying into unwanted obligations or liabilities when they purchase the business.

Quill can facilitate the process by performing all the necessary checks to make sure the business is ready for transfer to new ownership. This saves both the buyer and the seller from wasting time or encountering a nightmare scenario where delays and problems hinder their plans.

Getting a business valuation from Quill means knowing about anything that might affect the successful transfer and sale of the business.

What you should check before selling a business

Selling a business is usually easy. It’s getting a return close to the true value of the business that can be difficult. A few things you can do to help get your final selling price close to or even above the true value include:

• Be sure all the business assets, even those that won’t be included in the sale, are in good condition. Most buyers will want to inspect the place of business before they buy, and if the place looks dirty or has broken equipment, it will create a negative impression.
• Employees should continue working as normal if buyers come to inspect the workplace during business hours. You must also, of course, ensure the safety of the prospective buyer during any inspection if they are moving around areas where people are working.
• Make sure you have completed a full accounting of the business, including all short term liabilities, long term liabilities, and assets.
• Be upfront about any pending court cases that your business is involved in, either as the plaintiff or as the defendant. This will also include tribunal hearings, dispute mediation, and other similar proceedings. If you try to hide this activity, it can harm the sale.
• Make a list of all the positive attributes about your business that may not be readily apparent. You should especially note things like competitive advantage, marketing results, and standing orders.

These actions not only can help your business valuation but will also help make it easier to sell your business. Buyers will only buy when they feel confident, and that can only happen if the first impression does not leave them feeling uneasy.

What you should check before buying a business

The checklist for buyers is similar to the checklist for sellers, because you’ll want to check the same things, but from the opposite perspective.

The seller’s aim should be to ensure you are confident about the sale, your aim should be exactly the same. If for any reason you do not feel confident, it could be a sign that this business purchase is not the best decision for you. Here are the things you can check and actions you can take to improve your confidence:

• Seek a third party valuation. Even if the seller shows you a valuation, you can’t be certain that it can be trusted. Quill’s business consultants are experts in valuations and can help you avoid paying too much.
• Perform an inspection, preferably during working hours. The business should be clean, well presented, and in good order. Employees should appear smart, efficient, and capable.
• Ask to see full accounting of the business, including the balance sheet, profit and loss statement, annual report, and details of assets and liabilities. Be sure to ask about any on-going legal processes the business is involved in.
• Check out the competition. Satisfy yourself that the business has a competitive edge or that you can create one.

There are a lot more things you can learn about buying and selling businesses. For more advice, contact Quill by calling the phone number on this page or leaving a message on our contact form.

Whether it’s individual or commercial tax needs, financial advice or strategies to grow your business, the Quill Group has you covered!

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