Over the past 6 weeks we have been publishing a sequel of articles assisting you in understanding the process involved in managing the sale of your business. We have covered all the topics that are important to provide you with a comprehensive overview of all the steps involved to successfully sell your business.
Buyers and sellers of real estate will soon be presented with a totally new form of contract to that used in the past. This will be in two parts. Section A deals with the essential information, such as the buyer, the seller, the property, the price etc. Section B is a separate booklet containing all the standard terms and conditions that will apply, unless amended by the parties in section A at the time the contract is negotiated.
Last week we covered the marketing & sales process of selling your business and we follow this procedure with giving you the insight in Due Diligence followed by Settlement and Handover.
Any leading business sales advertiser and marketer would recognise and advice you that marketing is a critical element in achieving a successful sale and that the development and execution of the marketing campaign must be carefully thought through.
The rail link to the port enables the stock piling of logs at loading sights near the forests along the rail network and then moving them by train directly to the port.
Looking for a lifestyle that supplements your income?
Then take another look at the Avocado Industry.
To be able to identify and compile a list of potential buyers from within your industry and from other sources we need to compose a document that sets out all the relevant information about your business so that a prospective purchaser may appraise the opportunity.
Q Why should I pay for a marketing plan for my property?
A Sellers often question why they are responsible for investing in the marketing costs (such as photography, weekly advertising and signage) for their property. My answer is always the same – seller investment has proven to generate greater buyer interest, resulting in a faster sale of the property.
In Julian Roche’s excellent book “The Value of Nothing – mastering business valuations” he lists a number of factors that distinguish good valuers from bad valuers.
Q How do I market my home effectively?
A You have a few options to consider in order to achieve the best result…
The preparation of selling your business is probably the most important activity a business owner will undertake prior to going to the market. As with selling a property where the owner needs to shape the driveway, maintain the garden, clean the house, and paint the fence.
When it comes to selling a business, research shows that many owners have a limited understanding of the process and often make fundamental mistakes that can seriously undermine the final sale price.
Q I’ve just prepared my home for the market. How do I choose my Sales person?
A My advice would be choose a sales person not because they are your neighbour, your friend or their partner works with you, but because they have merit – all is not equal.
The latest and greatest news for property, progress and people is the announcement last week of the $80,000,000.00 shopping complex to be built at Okara turning the existing retail facilities of The Warehouse, Countdown, the bowling alley etc into something that will rival the best that Auckland has to offer.
As the designation process for the rail link to Northport nears completion, there is within the overwhelmingly positive submissions some gems which signify the start of an industrial land boom out there.
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