Owner: Business Broker URL:http://voices.realestate.co.nz/business-broker Join Date: Sun, 23 Nov 2008 18:21:03 -0600 Rating:0 Site Description: A REINZ Accredited Business Broker blogging on everything related to buying and selling businesses in New Zealand Site statistics:Click here
Motel video goes live on the blog 2008-11-23 17:28:47 In an effort to keep abreast with the constantly evolving online environment I have introduced video
to my blog. Whilst considering my current listings, I decided that the Coromandel Court Motel
which I have chosen to showcase was ideally suited to this new format. Having already featured the motel on You Tube with links directly [...]
How to Value a Business - Value Modifiers 2008-11-23 16:35:39 Is valuing a business part art, part science or simply conjecture? Predicting the likely market value of a Small to Medium Enterprise (SME) is all of these and much more. Valuation is not a precise science and opinions will vary widely dependent on numerous issues including:
The quality of the information available
Whether or not the appropriate [...] Read more:Business
, Value
The best NZ Real Estate Blog (2) 2008-11-23 16:33:20 In August this year I wrote a blog entitled the best New Zealand real estate blog wherein I highlighted several blogs which I felt at the time were worthy of mention.
As an update to that original posting I am pleased to see that Deon Swigg’s New Plymouth Real Estate
blog continues to go from strength [...] Read more:Real Estate
“The Future is Now” - Reflections on the REINZ Conference and AGM 2008-11-16 14:43:36 As published in the November 2008 RE Journal.
How aptly titled the 2008 REINZ Conference and AGM turned out to be, following on as it did from a year that has been largely dominated by the Real Estate Agents Bill which was passed only days prior to the conference. The submission and reading process of this bill [...] Read more:Future
, Reflections
Quick Tip: Buying a NZ Business (7) 2008-11-15 02:17:51 When buying a business, ask the Business
Broker how long the business has been for sale and at what price it originally came to the market. If it has been available for a long time ask why. You should also enquire as to whether or not there have been any previous written offers or contracts [...] Read more:Buying
, Quick
Quick Tip: Buying a NZ Business (6) 2008-11-12 02:11:35 When buying a business always have a solicitor that is experienced in business transactions review the lease documentation before you declare the deal unconditional. Some leases are extremely complex and you need to know what you are agreeing to and for how long.
If you like what you are reading, subscribe to the Blog feed and [...] Read more:Business
, Buying
, Quick
Quick Tip: Buying a NZ Business (5) 2008-11-09 01:58:10 If the business you are planning to buy is seasonal or in a holiday location such as a ski or beach resort give some thought to how you will manage the cash flow during the quieter months. As well, have a ‘Plan B’ ready to implement for the times when peak season is foiled by [...] Read more:Business
, Buying
, Quick
Quick Tip: Buying a NZ Business (4) 2008-11-06 13:49:30 When considering buying a New Zealand business, take the time to talk face to face with the neighboring business owners. Ask them how trade is for them and don’t be shy to ask directly what they think of the business in question.
If you like what you are reading, subscribe to the Blog feed and always [...] Read more:Business
, Buying
, Quick
Quick Tip: Buying a NZ Business (3) 2008-11-04 16:00:15 Always have an Accountant review the business financial statements, they will soon tell you if there are any anomalies. Preferably use an Accountant who is experienced in business transactions within your chosen industry.
If you like what you are reading, subscribe to the Blog feed and always have the latest updates delivered direct to your computer. Read more:Business
, Buying
, Quick
Quick Tip: Buying a NZ Business (2) 2008-11-02 13:37:17 Make sure that the business you are planning to buy is within an industry that really interests and excites you. This business is probably going to occupy many of your waking hours (and some of your sleeping) and if it isn’t suitable, chances are by the time you finally admit it to yourself, the business [...] Read more:Business
, Buying
, Quick
Merry Christmas to you all 2008-12-24 13:00:21 May you all have a relaxing time over this festive season enjoying those special occasions spent with friends and family.
Take care and stay safe,
Sharon Read more:Christmas
, Merry
, Merry Christmas
Quick Tips: Selling a NZ Business (2) 2008-12-23 20:44:02 If you want to ensure confidentiality whilst selling your business, use a professional Business
Broker. Through the use of generalized descriptions for marketing and confidentiality agreements, the private details of your operation will remain private.
If you like what you are reading, subscribe to the Blog feed and always have the latest updates delivered direct to [...] Read more:Quick
Quick Tips: Selling a NZ Business (1) 2008-12-21 20:44:01 Nationally it may take 6 to 12 months to sell a business - it could be less or it could be more depending on your particular industry, your preparation for sale and how the business is represented to the market at large. Continuing with your current level of involvement in the business is crucial during [...] Read more:Business
, Quick
Is now a good time to buy a freehold motel? 2008-12-18 19:21:10 Exposing your hard earned dollars to the stewardship of financial institutions has become less than attractive given the current global economic crisis and the events that triggered it. Furthermore, the return on investment currently being offered by these same institutions (or those that are left) is scarcely something to get excited about.
So what might be [...]
How to value a business - The Direct Market Data Method 2008-12-17 20:13:30 The DirectMarket
Data Method when valuing a business is based on the principle of substitution which states that “the economic value of something tends to be determined by the cost of acquiring an equally desirable substitute”. Using this method, assessors apply information taken from actual sales of other comparable businesses to estimate the value [...]
Before you buy a business conduct a thorough due diligence investigation 2008-12-15 22:08:25 Buying a business is a major decision and not one to be taken lightly; buyer’s need to ensure that they have as much information as possible before making the final decision. Many business owners however, are reluctant to divulge confidential information regarding their entity prior to a conditional “Sale and Purchase of a Business” contract [...] Read more:investigation
What’s so important about a business valuation? 2008-12-10 13:00:15 Getting it right; one of the primary reasons a business valuation is done is because the owner is preparing the business for sale. Other reasons for a business valuation might include insurance quotes, bankruptcy proceedings, financial restructuring, partner buyout, divorce, litigation and lastly, death.
How would you feel, having sold your business, to find out that [...]
How are you going to finance your business purchase? 2008-12-08 16:53:41 When considering the purchase of an existing business (going concern) one of the first and most essential tasks you must do is seek qualified professional advice with regard to how best to arrange finance
. Don’t waste your own time struggling to get the numbers right; what you may be assuming may not even qualify with [...]
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