Frequently Asked Questions (FAQs)
On this page, we have FAQs on:
General
What does True Business Brokers do?
True Business Brokers specialises in the sale of businesses, commercial real estate, and business valuations across Victoria. We help business owners sell confidentially and assist buyers in finding quality business opportunities.
What types of businesses do you sell?
We work across a wide range of industries, including:
– Cafés and Restaurants
– Pizza Shops
– Fish & Chip Shops
– Takeaway Businesses
– Bottle Shops
– Supermarkets
– Tatts & Lottery Agencies
– Gyms & Fitness Centres
– Childcare & Play Centres
– Retail Businesses
– Manufacturing
– Commercial Real Estate
– Service Businesses
Where do you operate?
We primarily service Melbourne and regional Victoria, but we can assist clients throughout Australia.
Selling Your Business
How much is my business worth?
The value of your business depends on factors such as profitability, financial performance, lease terms, industry, goodwill, assets, and market demand. We offer professional business valuation services to help determine a realistic market value.
How long does it take to sell a business?
Every business is different. Some businesses sell within a few weeks, while others may take several months depending on the industry, asking price, location, and market conditions.
Can you keep my business sale confidential?
Yes. Confidentiality is a priority. We generally require prospective buyers to complete a Confidentiality Agreement before sensitive business information is released.
What information do I need before listing?
Typically we require:
– Profit & Loss Statements
– BAS (if applicable)
– Lease details
– Equipment list
– Staff information
– Business overview
– Photos (where appropriate)
Do I need to keep operating the business while it’s for sale?
Yes. Businesses usually achieve better sale outcomes when they continue operating normally during the sales process.
Buying a Business
How do I buy a business?
Our process is simple:
1. Browse available listings.
2. Contact us about a business of interest.
3. Sign a Confidentiality Agreement if required.
4. Receive business information.
5. Complete your due diligence.
6. Make an offer.
7. Complete settlement.
Can you help me find a business that matches my budget?
Yes. Tell us your preferred industry, location, and budget, and we’ll help identify suitable opportunities.
Can overseas buyers purchase businesses in Australia?
In many cases, yes. Depending on your circumstances, you may need professional legal, migration, or taxation advice.
Business Valuation
Why should I obtain a business valuation?
A professional valuation helps you understand your business’s market value and can support decisions relating to selling, buying, succession planning, partnership changes, finance, or legal matters.
Do you provide written valuation reports?
Yes. We can provide written valuation reports depending on your requirements.
Commercial Real Estate
Do you sell commercial properties?
Yes. We assist clients with the sale and purchase of commercial real estate associated with businesses or standalone commercial investments.
Can you sell both the business and the freehold?
Yes. Where appropriate, we can market and negotiate the sale of both the business and the freehold property.
Fees
How much do you charge?
Our commission and fees vary depending on the type, size, and complexity of the transaction. We will explain our fee structure clearly before any agreement is signed.
Are there any upfront costs?
This depends on the listing package and marketing strategy selected. We will discuss all costs before commencing any work.
Buyers & Sellers
Can you assist with finance referrals?
Yes. We can introduce buyers to finance professionals if required. Lending approval remains subject to the lender’s assessment.
Do you provide legal or accounting advice?
No. While we can explain the sales process, we recommend that buyers and sellers obtain independent legal, accounting, and financial advice before entering into any transaction.
Contact
How can I contact True Business Brokers?
Contact
435 Nepean Hwy, Frankston VIC 3199
+61 03 9498 3125
TrueBusinessBrokers@gmail.com
We welcome enquiries from business owners looking to sell and buyers searching for their next opportunity.
