Points to Remember Buying Operating Selling a Business (Retail)

Points to Remember: Buying/Operating/ Selling a Business (Retail)

K Buying a Operating a Selling a Business Business Business

Buying:Choose Correct Field by Experience, Knowledge or PassionLook for right Location, Brand & PriceDo a Business Plan with comprehensive Financial PlanningGet an Expert Valuation of the BusinessEquip with adequate TrainingMake sure that you are trained and readyHire right StaffHappy Trading

Operating:Customer Service should be No.1 PriorityTrain Staff regularlyTrain yourself regularlyUpdate and concentrate on Stock, Category management &MerchandisingMaintain Competitive Pricing & PromotionsPresentation of the StoreDevelop a Point of Difference from other similar storesYou – Working Hard is always effective but do not burn yourself out byworking too hardWork on the business NOT IN the business

Selling:Exit Planning should start as soon as you buy a BusinessDetermine a Time frame based on your needs to sellPlan aheadBe safe & readyAccept Reality (market demand is subject to change & may not bealways what we want)Price the Business for Right Value, don’t overvalue the BusinessPrepare all the necessary paperwork with AccountantSelect a Right Proactive Agent & Reputable Firm with IndustryKnowledgeHappy SellingLook for New Opportunities

Contact Info:Address:Broker Support Centre, Suite 104, BermudaPoint, 20 Lake Orr Drive. Varsity Lakes, QLD4227 AustraliaPhone number:1300 366 521 (toll-free)+61 7 5562 2711 (international)07 5562 2744 (fax)E-mail:[email protected]