出售您的诊所前请别忽略员工留任这一环节
当诊所业主着手准备出售牙科诊所时，关注的焦点往往集中在财务状况、租赁条款以及病人数量等方面。然而，还有一个常被 […]
Welcome to Sinosmart
The best Asian Background Business Broker in Sydney
Founded in 2015 and based in Sydney, Australia, Sinosmart Business Brokers specializes in providing comprehensive business brokering and commercial property brokering services to clients located in New South Wales and the Australian Capital Territory (). Sinosmart Business Brokers are the Asian background business brokering experts you can trust.
Looking To Sell Your Business
If you want to sell your business to Chinese/Asian buyers, if you want to find migration purpose buyers for a premium price, please contact us, your Chinese/Asian business brokers specialist
Looking To Buy A Business
We provide the buyers with end-to-end assistance throughout the whole process, step by step from business introduction to settlement.
We use win-win strategy inherited from our Asian culture
Goals and Strength
- Honest & Integrity and Exceptional Reputation
- Transparent & Fair and Win-Win Approach
- Multi-language Service and Marketing Campaign
- Understanding Business Cultural Differences
Check Out Our Featured Business Listings
Why Choose Us?
Honesty and Integrity are our core values and priorities
We are driven by our ethics and morals, not only by commission. We understand as a business broker, we are selling trust more than business, so we speak and present with data and accuracy.
Transparent, Fair and Win-Win Approach
Win-Win approach is inherited from our Asian culture. We are transparent and fair when we work with sellers and buyers. Implementing win-win strategies often requires an extra investment of energy and time and that is what we do.
Extensive Reach to Chinese/Asian Buyers Network in NSW
Sinosmart Business Brokers is the Chinese/Asian Business Brokering Specialist you can trust. Chinese/Asians buy and own more and more small businesses in Australia. We speak the same language and share the same culture, so we do business easier with them.
Multi-channel marketing campaigns to target more buyers
We advertise our listings on local business-for-sale websites as other brokers do. The difference is, we also market social media and websites popular in Chinese/Asian community, including WeChat and Little Red Book to capture more interest of prospective buyers.
Recent Testimonials
Frequently asked questions
Question about selling business
In the context of small business valuation, a straightforward method involves multiplying the actual profit by a certain factor. Actual profit comprises pre-tax earnings, owner’s salary, and personal expenses. The factor is determined based on industry and operational conditions, typically ranging from 2 to 3.
There are various strategies to optimize tax efficiency. Experienced buyers look beyond financial statement profits and conduct a comprehensive analysis of actual earnings. Clarity in financial reporting aids in valuation. Additionally, factors such as data integrity, stable income and profits, management structure, contracts, and lease agreements also affect valuation.
We recommend consulting with accountants and business brokers for obtaining an accurate valuation.
In the context of small business valuation, a straightforward method involves multiplying the actual profit by a certain factor. Actual profit comprises pre-tax earnings, owner’s salary, and personal expenses. The factor is determined based on industry and operational conditions, typically ranging from 2 to 3.
There are various strategies to optimize tax efficiency. Experienced buyers look beyond financial statement profits and conduct a comprehensive analysis of actual earnings. Clarity in financial reporting aids in valuation. Additionally, factors such as data integrity, stable income and profits, management structure, contracts, and lease agreements also affect valuation.
We recommend consulting with accountants and business brokers for obtaining an accurate valuation.
Typically, selling a business takes an average of six months, although quick sales can occur due to favourable circumstances. The key influencing factors in this process include：
- Pricing: Setting the right price is crucial. A reasonable price is more likely to attract buyers. If a quick sale is desired, consider selling at a lower price.
- Operational Condition: Effective business management is essential. Clear financial records, a sound organizational structure, absence of debt and legal disputes, stable relationships with suppliers and customers, and reasonable lease terms all contribute to expediting the transaction.
- Preparation: Adequate preparation instils confidence in buyers, encouraging them to make timely offers. This entails having comprehensive documentation and emotional ready for selling.
- Advertising and Promotion: Even a successful business needs promotion. Advertising helps reach a wider audience of potential buyers. Sellers should allocate an appropriate budget for advertising.
- Role of Lawyers: Lawyers play a significant role in the transaction. Their experience, diligence, and expertise in business matters impact the smoothness and timing of the deal.
- Selecting a Business Broker: Choosing an experienced business broker with expertise in the relevant industry is paramount to the success of the transaction.
Question about buying business
If you are deciding between starting a business from scratch or buying an existing one, there are several factors to consider.
Starting a new business involves a multitude of decisions and tasks, and your enthusiasm may wane amidst the complexities of day-to-day operations. Additionally, your capacity to make improvements to the business may be limited.
On the other hand, purchasing an established business allows you to take immediate control of a relatively stable operation. Through observation and learning, you can gain insights into the business’s strengths and areas for improvement.
For newcomers, buying an existing business can be a prudent way to reduce risks.
- Reach out with a business broker (business intermediary) to discuss your specific requirements, budget constraints, and personal background.
- Sign a confidentiality agreement with the chosen business brokerage firm.
- Discuss with the broker regarding their recommended listings. Gather pertinent information, conduct screening, and evaluate the businesses that align with your interests.
- Seek counsel from professionals such as accountants and lawyers.
- Formulate and present an offer, followed by negotiations on the terms.
- Finalize the transaction’s conditions and formally execute the agreement.
- Conclude lease arrangements, perform a thorough financial due diligence, and ensure the availability of necessary funds.
- Complete the business acquisition, conducting a detailed inventory audit.
If you are deciding between starting a business from scratch or buying an existing one, there are several factors to consider.
Starting a new business involves a multitude of decisions and tasks, and your enthusiasm may wane amidst the complexities of day-to-day operations. Additionally, your capacity to make improvements to the business may be limited.
On the other hand, purchasing an established business allows you to take immediate control of a relatively stable operation. Through observation and learning, you can gain insights into the business’s strengths and areas for improvement.
For newcomers, buying an existing business can be a prudent way to reduce risks.
Buying a business involves two critical aspects: the business itself and an understanding of industry trends and competitors. Start by researching industry trends and competitors to ensure you choose a business aligned with your interests and growth potential.
Next, conduct a thorough examination of the business’s financial status, equipment, inventory, and staffing. Beyond relying on financial reports, assess sales records and other vital metrics.
Be well-prepared and seek advice from professionals such as accountants and lawyers to make informed buying decisions. Additionally, consider utilizing a business broker to reduce risks, as they conduct due diligence to ensure the business’s viability.
In Australia, most business transactions, especially those beyond micro-enterprises, are facilitated by business brokers. In New South Wales, business brokers must obtain specific licenses, with stricter requirements compared to other states. These brokers operate under professional ethics and industry standards, dedicated to ensuring fair deals for both buyers and sellers.
Business transactions are inherently complex, and business brokers provide comprehensive documentation and intricate processes to safeguard the interests of both parties. They develop strategies for buying and selling to achieve the best possible prices. Attempting to purchase a business independently can be cumbersome due to limited resources and experience, often resulting in information asymmetry for buyers.
Business brokers offer a neutral stance, facilitating information exchange and negotiations while helping manage emotions and maintain reasonable expectations, ultimately leading to successful deal closures.
In Australia, most business transactions, especially those beyond micro-enterprises, are facilitated by business brokers. In New South Wales, business brokers must obtain specific licenses, with stricter requirements compared to other states. These brokers operate under professional ethics and industry standards, dedicated to ensuring fair deals for both buyers and sellers.
Business transactions are inherently complex, and business brokers provide comprehensive documentation and intricate processes to safeguard the interests of both parties. They develop strategies for buying and selling to achieve the best possible prices. Attempting to purchase a business independently can be cumbersome due to limited resources and experience, often resulting in information asymmetry for buyers.
Business brokers offer a neutral stance, facilitating information exchange and negotiations while helping manage emotions and maintain reasonable expectations, ultimately leading to successful deal closures.
There are various complex formulas available for calculating a business’s value, primarily considering cash flow multiples and other relevant indicators.
Here, we introduce a straightforward valuation method: multiplying the owner’s actual earnings by a multiplier. Actual earnings encompass pre-tax profits, owner’s salary, and costs used for the owner’s personal expenses. Multipliers can be set based on industry and operational conditions, often taking an average, such as 2 or 3, as a reference.
For example, if the financial report shows pre-tax profits of $50,000, the owner’s salary is $40,000, and personal expenses for the owner included in the company’s accounts amount to about $20,000, then the owner’s actual earnings would be $110,000, multiplied by 2 results in $220,000, or $330,000 if a multiplier of 3 is used.
For precise valuation methods, it’s advisable to consult with accountants and business brokers.
We strongly recommend engaging a lawyer when buying a business.
Buying a business is a complex undertaking involving numerous intricate legal matters. It entails reviewing various contracts, such as the business purchase agreement, leases, franchise agreements, among others. These are challenging to navigate without the expertise of a legal professional. A lawyer can ensure that your intentions and negotiated terms are properly documented in the contracts, mitigating any oversights.
Lawyers play a pivotal role in facilitating a seamless transition post-sale, ensuring the contractual obligations are met, including the inventory and asset count. After the transition, lawyers assist buyers in preparing for actual operations, which includes tasks like changing the business name and obtaining necessary licenses.
It’s unrealistic to expect lawyers to handle everything, especially for small business transactions. Lawyers are there to help you manage risks, but you, as the buyer, remain responsible for making key decisions. Business ownership inherently carries risks that a lawyer cannot entirely eliminate, nor can they run the business on your behalf.
Effective cash flow management is crucial in business operations.Many business failures result from poor cash flow management rather than the inherent quality of the business itself. When it comes to preparing the necessary capital for purchasing a business, thorough planning is essential to avoid financial strain during the initial stages of operation. The capital you need to prepare should encompass several key aspects:
- The purchase price of the business, including the inventory cost.
- Costs associated with potential renovations, equipment upgrades, or vehicle purchases.
- Rental deposits, ongoing rent payments, and utility expenses.
- Employee salaries, including recruitment costs if hiring new staff.
- Funds for future inventory purchases.
- Legal fees for the business purchase, which may also include fees for the landlord’s legal representation.
- If it’s a franchise business, you’ll need to cover franchise fees, deposits, and training costs.
- Expenses related to establishing a company and registering the business, such as accounting fees, government taxes, and insurance.
- Advertising and marketing expenses.
- A contingency fund for unforeseen expenses.
Properly accounting for these financial aspects ensures that you are well-prepared to navigate the challenges and opportunities that come with owning a business.
Experienced buyers often prefer non-franchise businesses, willing to take on more risk in pursuit of higher profits. For newcomers or those who prefer a less hands-on approach, joining a franchise brand can save considerable effort, although it may limit profit potential. Franchise headquarters assist in store design, handle supply chains and logistics, and provide marketing support, but these services come at a cost to the franchisee.
Joining a franchise brand requires approval from the franchise headquarters, and the same applies when selling the business – approval is needed from the headquarters, making these conditions potentially cumbersome during the business transaction process.
