Five Key Questions To Ask Your Buyer
During the sales process it is essential that you qualify your buyers at different stages. When you get an inquiry or have an inspection then make sure it’s not just about the buyer asking questions about the business, make sure that you get your fair share of information as well. In the current economic climate […]
Are the outgoings that you are paying actually due?
Its quite common for outgoings to be charged by landlords in addition to rent, the amount charged varies from lease to lease. Some landlords will pass on charges like business rates, land tax, strata fees etc and some charge for many more items related to the building in which your business […]
How to Sell a Café – The Three Stages of the Sale
The Sale Process – Stage one – Planning Selling a café or any hospitality business is not like selling a business in (most) other industries. I am sure that I don’t need to spell out the main difference, the subject of the “C” word is probably a whole post on its own. Whilst the […]
Get Rid of The Tyre Kickers Early When Selling Your Cafe
How to deal with time wasters when selling your Cafe A lot of cafe owners that I talk to about selling their cafe ask me about how to deal with time wasters or “tyre kickers” as they are affectionately known. I also see a lot of private sale adverts saying things like “No Time Wasters”. […]
How to Prepare a Cafe for Sale
In my opinion running a cafe cannot really be compared to running many other businesses. From the outside it can look like a dream lifestyle business but for many people that’s not the reality. The first cafe that I setup and run for 11 years certainly didn’t improve my lifestyle in the early stages! There are many things to think about when selling a cage and this article takes a quick look at how to prepare a cafe for sale.
Do I Need To Pay GST When I Sell My Cafe?
Do I need to pay GST when I sell my Cafe? The question about whether or not GST is payable on the sale of a cafe is something that seems to confuse many people and, it is certainly something that you should look into before you sell. The short answer to this question […]
How Lease Terms Can Affect Buyer Finance
I wanted to make you aware of something worth considering when preparing your cafe for sale, particularly when it comes to the way banks assess finance applications for small businesses and hospitality venues. The lending criteria and the way banks assess business finance can have a significant impact on the sale of your cafe, especially […]
How to Value a Cafe
The Basics Of Valuing A Cafe & Common Mistakes After an appraisal call with a client earlier today, I wanted to quickly post this to give you some help around the thought process of valuing your business. As I have mentioned in previous posts, many people that we work with are concerned about keeping the […]
How to check the DA of a cafe
I quite often get asked how to check the DA of a cafe, so this quick post gives an idea of how you can do this. When selling your cafe, it is quite likely that the buyer will ask to see a copy of the DA for the business. If you do not […]
How to Sell a Café – Financial Preparation
One of the best things that you can do in order to prepare your café for sale is to have your financials prepared and ready to provide to qualified buyers. Having your financials prepared basically means having up-to-date information that proves the amount of sales, expenses and profitability of the business. When your […]
How I Sold My Hospitality Business Without A Broker
One café might sell within a fortnight, while another sits on the market for twelve months without receiving a serious enquiry. The difference is rarely luck. In most cases it comes down to preparation, pricing, presentation and the quality of the information buyers receive. Every week I speak with owners who ask, “How long will […]