Beginner’s Guide to Buying a Business

Are you ready to take the leap into business ownership but don’t know where to start? In this episode of Business Sales Australia, host Sue Blatchford, co-owner of SBX Business Brokers, shares practical advice for navigating the process of buying a business.

With over 30 years of experience in the industry, Sue walks listeners through the key steps to make the journey smooth and successful. From determining what type of business suits your skills and lifestyle to understanding financial terms like EBITDA and goodwill, this episode is packed with actionable insights to help you buy a business confidently.

Key Topics Covered

• Introduction to Business Sales Australia
• Why buying an established business can be a smarter choice than starting from scratch
• What Sort of Business Should You Look For?
• Aligning your skills, experience, and lifestyle with the right business
• How Much Can You Afford?
  • Understanding the costs, including Stock at Value (SAV), legal fees, and lease bonds
• Finance – Have a Plan
  • Options for funding your business purchase
• Location, Location, Location
  • Why location is a key factor in a business’s success
• Why Experience Counts
  • Building confidence with landlords and lenders through industry expertise
• Researching the Market
  • Reviewing asking prices, rental costs, and lease terms
• Key Terminology Explained:
  • WIWO, IM, EBITDA, SAV, Goodwill, and more
• The importance of due diligence, legal support, and preparing a formal sales advice
• Why cash flow is crucial for a smooth transition into ownership

Resources Mentioned

• SBX Business Brokers Website: https://www.sbx.com.au
• Complimentary Beginner’s Guide to Buying a Business: Download Here
• Popular Australian Business-for-Sale Websites:
  • Seek Business: https://www.seekbusiness.com.au
  • Eden Exchange: https://www.edenexchange.com
  • BSale: https://www.bsale.com.au
  • AnyBusiness: https://www.anybusiness.com.au

Ready to Buy Your Business?

Buying a business is a big step, but with preparation and expert guidance, you can step confidently into ownership. For more insights, tools, and resources, visit https://www.sbx.com.au.

And don’t forget to subscribe to Business Sales Australia for more practical tips on buying and selling businesses.