Consulting Services
If you are thinking of selling but not in the next 12 months, we can assist you to maximise the value of your business through providing an Exit Planning service. Whilst we provide an informal valuation service (appraisal) as part of our core assistance to selling business owners, we can also provide a more formal Valuation which may be required for all sorts of reasons. If you are seeking to Buy a business and need ongoing assistance, we can act as your Buyers Agent, assisting you with planning, research, review, negotiation and through to settlement of the purchase.
Numbers above are for The Finn Group
Valuations
Whilst we will provide a free valuation (appraisal) as part of our offering to assist with a business sale, we can also provide more formal Valuations to meet other objectives.
- Business valuation for divorce
- Business valuation for shareholders agreements
- Business valuation for a Company Restructure
- Business valuation for keyman insurance
- Business valuation for minority shareholders
- Business valuation for stamp duty
- Business valuation for capital gains tax
- Business valuation for litigation
We are able to offer the COMBINATION of our exposure to the SME business sales market in Australia AND our formal accounting and valuation qualifications.
Very few if any other organisations in Australia can offer this combination, either coming from either the business broking field (without accounting or valuation qualifications) OR the accounting field (without real life experience and exposure to SME sales).
Because our core business is the sale of Small & Medium sized businesses, we can also price our service accordingly as we understand that smaller businesses are less complicated to value (less sites, employees, customers and products than large businesses).
The Valuation will be completed by Greg Sinclair and my colleague Liza Vogt. Greg is a Business Broker, and earlier in his career qualified as a chartered accountant. Liza is also a Business Broker, a qualified Chartered Accountant and Business Valuations Specialist.
Buyers Agent
If you are looking to buy a business we can assist you.
This service includes:
- Defining your target business and budget.
- Searching the market to identify suitable businesses
- Assessing the businesses and presenting the findings to you with
- Negotiating the sale.
Exit Planning
Unfortunately, many business owners only look to sell when they HAVE to sell – for example if they or a partner contract a serious illness or the business is going backwards due to lost interest. Of course, in that situation they are unlikely to receive a good price (and in some cases the business will not be saleable at all!).
As well, business owners need to factor in that a sale will likely take between 6 and 12 months.
To optimise the time taken and price you receive for your business it is essential to prepare for the sale beforehand (even 12 months before) and also to sell whilst it is going well and you are still happy and motivated in it.
We can help you with your preparation, by identifying the areas that can be improved and advising on how to increase your business value. This will include:
- Increasing sales and reducing unnecessary costs
- Formalising agreements with your suppliers and customers.
- Tidying up your appearance? – staff, premises, website. (just like with real estate first appearances help!).
- If the owner is open to staying with the business for another 6-12 months (for a salary), this is a significant value add for a Buyer as it reduces the risk on transition.