Most people go into business for themselves with the hope of making more money than they did before hand, to have a better lifestyle as a result, and ultimately a better retirement when the time comes.
If you are considering buying a business we have the experience and the expertise you need. We ask the right questions, and find the necessary answers. Are you getting a good deal? Is the business right for you? Can you afford it? Have all avenues for future growth been investigated?
It is important to remember that buying a business does not happen over night as there is a process that we must follow. The size and type of business will dictate the level of detail required in each step in the process but essentially each step is the same. It is our role to advise you on these steps and to help you move through them as seamlessly as possible.
The services we provide incorporate every stage of the process - from identifying potential acquisitions, through to the negotiations of the commercial elements of the transaction, through to forecasting the future of the business. Incorporated in this is:
- A review of your goals and objectives
- Due diligence services conducted by our Business Management Service (BMS)
- Preparation of financial forecasts
- Assistance with purchase negotiations
- Advice regarding financing
- Advice regarding employees (Wage Structure, SGC Superannuation)
- Advice regarding the appropriate business structure
- Register your new business for GST, ABN, TFN, PAYG Withholding, Workcover etc.
- Register your business name with the Office of Consumer and Business Affairs
- Advice regarding public liability insurance and risk insurance.
- Assistance with preparation of a business plan
- Provide to you and set up for you Accounting Software.
- Provide bookkeeping and GST services.
At Sheridans, we can assist you with the great opportunity a business acquisition can be as it is directly correlated with wealth accumulation.
