Lease Assignments – Something Needs to Change
As business brokers, we deal with lease assignments almost daily. While the process is critical to the successful sale of most businesses, certain aspects—particularly around cost, timing, and documentation—have become increasingly unreasonable. It’s time to acknowledge that the current framework is unbalanced and ripe for reform. The Cost Blowout One of the most frustrating issues […]
How to Buy a Cafe – A Comprehensive Guide For Buyers
1. Know Your Budget Before starting your business buying journey, understanding your budget is essential. How much are you willing and capable to spend on this venture? Determining your budget provides boundaries that help filter out irrelevant options, helping you to focus on what’s achievable. Financial resources such as MoneySmart by the Australian Securities & […]
What Information Do You Need to Provide During Due Diligence?
Selling your cafe or restaurant is not just about finding the right buyer—it’s about ensuring the process goes smoothly, especially during due diligence. Once you’ve accepted an offer, the buyer will want to examine your business closely to ensure it’s a solid investment. Providing accurate and comprehensive information can build trust with the buyer, speed […]
