Business Appraisal
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Preparation is indeed crucial for a successful business sale. To facilitate a business appraisal, we recommend that sellers gather essential documents, including:
A. Financial Records: Provide three years’ worth of financial statements, all BAS (Business Activity Statements) since the last financial statement, tax returns, and if available, the owner’s own management records.
B. Lease Information: Include lease documents, rental invoices, and utility bills. If the current lease is nearing expiration, it’s advisable to obtain a new lease proposal from the landlord or the leasing agent.
C. Employee Details: Offer insights into the employee structure, including an employment payroll statement. Additionally, provide documents that outline staff roles, their experience, working hours, and wage information.
D. Franchise Documentation: If applicable, include the franchise agreement, the franchisor’s disclosure statement, and the most recent franchise fee invoices.
These documents are essential for conducting a thorough appraisal and will help potential buyers make informed decisions regarding the purchase of your