Morgan Business Sales is a national brokerage firm. We sell companies of all shapes and sizes around Australia, including in Dandenong and throughout Victoria. Get the power of a national firm and the commercial sale expertise of a local agent.
There are several steps you can take to sell a company in Dandenong:
It’s important to have a good legal representation during the sale process. A lawyer familiar with your local law and jurisdiction will help you with the legal paperwork and to check that everything is in order.
Once the sale is complete, transfer ownership and assets to the buyer, and handle any necessary paperwork to close the sale.
A business broker is a professional who acts as an intermediary between buyers and sellers of companies. Business brokers typically work with small and medium-sized firms, and helping owners who want to sell by finding potential buyers and facilitating the sale process.
Business brokers often work with owners to help them determine their value, develop a marketing plan to attract potential buyers, and negotiate with buyers to ensure that the sale is completed on favourable terms. They may also provide guidance on financing options and other issues related to the sale.
In addition to working with sellers, business brokers may also work with buyers who are interested in purchasing. They can help buyers identify businesses that meet their criteria, provide information about the industry, and assist with the due diligence process.
There are several reasons why people may choose to use a Dandenong business broker to sell rather than selling it themselves.
Business brokers typically get paid a commission on the successful sale of a company. The commission is usually a percentage of the final sale price and is negotiated between the broker and the owner prior to starting the sales process.
The commission percentage can vary depending on the size and complexity of the firm being sold, the level of service provided by the broker, and the geographic location of the company. In general, the commission can range from 5% to 10% of the final sale price.
In addition to the commission, some agents may also charge additional fees for their services, such as advertising and marketing expenses, legal and accounting fees, or other expenses related to the sale. These fees are typically negotiated separately from the commission and should be clearly outlined in the broker’s contract with the owner.
It’s important for owners to carefully review and understand the terms of their agreement with a broker before proceeding with the sale, including the commission rate and any additional fees or expenses.
There are several methods for valuing a company, including:
Ultimately, the appropriate method for valuation will depend on the specific circumstances of the company, and a combination of methods may be used to arrive at a final value.
When it comes to selling a company, you have a number of options. You could sell it yourself or choose from a selection of professional Dandenong business brokers. So why should you choose Morgan Business Sales? These are the reasons we most commonly hear from clients who come to us from a competitor:
Unfortunately there’s no straight answer. We’ve had listings go under contract within a day. And other listings take two years to sell.
In our experience, the two major determining factors are the price (fair vs overpriced) and the amount of buyer demand in the given industry.
Please book in a free consultation here if you would like an understanding of how firms like yours have been performing recently in the market.
Our listings get published to all of Australia’s largest business for sale directories (Seek, Commercial Real Estate, Bsale etc).
In addition we promote listings on our website, on social media (Google, Facebook, Instagram, LinkedIn) and to our email list of 30,000+ qualified buyers.
For larger companies, we also conduct a direct marketing campaign to national and international groups who have the potential to be a great fit.
No. We market companies in such as way as that they remain anonymous. We act confidentially in all dealings.
In short, yes, we’re fully licensed to sell companies in Dandenong.
In Australia, licensing of agents varies by state, with some states requiring licenses, some not; and some requiring licenses if the broker is commissioned but not requiring a license if the broker works on an hourly fee basis.
State rules also vary about recognising licensees across state lines, especially for interstate types of firms like national franchises.
Some states, require either an agent license or law license to even advise an owner on issues of sale, terms of sale, or introduction of a buyer to a seller for a fee.
All Australian States require a real estate license in order to commence a career in Business Broking. According to a recent Australian Business Broking convention at least 6 states and two territories required brokers to have a real estate license.
The following states require a license to practice as an agent: Victoria, Tasmania, South Australia, Western Australia, New South Wales and Queensland. Territories in Australia requiring a licence are the Australian Capital Territory and the Northern Territory.