10 Benefits of an Exit Plan – #9 Be Fully Prepared For Financial Negotiations
Understandably, the financials of your business play a large part of your exit plan and of the overall sale process. From working out your add-backs, and adjusted profits to calculating your sale price and right through to due diligence it is essential to have well-prepared clean financials. As a foundational starting point for your exit […]
10 Benefits of an Exit Plan – #7 Sell in less time
Another advantage of having a structured exit plan is that you will have all the information you need to present to buyers in early negotiations and more importantly during due diligence. One of the common misconceptions about selling a business is that the time-consuming and challenging part is generating and dealing with buyer inquiries. The […]
How To Transfer Employees on a 482 Visa When You Sell your Business
If you are selling a business that employs workers on 482 visas, the transfer of these employees to the new owner is subject to a number of conditions and requirements. Here are some of the steps you need to follow to transfer the employees: Obtain consent from the employees: Before transferring your employees, […]
How to Assign Your Lease When Selling Your Cafe
How to Assign Your Lease When Selling Your Cafe Retail leases in Australia can be assigned with the landlord’s approval. This process is known as a lease assignment. A lease assignment is when the tenant transfers their rights under the lease to another party. This can be done for a variety of reasons, […]
SOPs For Cafés and Restaurants – What are they and why bother with them?
SOPs aim to promote consistency and efficiency by ensuring that all employees are carrying out tasks in the same way. Having SOPs in place can also help to improve quality control and minimize mistakes.
