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Be Aware of Franchise Exit Fees

As an excited buyer, often potential franchise owners do not check the fine print when it comes to exit fees charged by the franchisor.  We have delt with many sellers of franchises that have been unaware of the fees charged when they intend to sell their franchise business.   If you own a franchise, you…

Buyers want your plant and equipment unencumbered!

If you are thinking of selling your business and you currently have loans on your machinery, vehicles or any other plant and equipment used in your buisness you should be aware that any buyer will expect that these assets will come free of any debt as part of the business sale.  This is an important…

Cash transactions devalue your business!

Many business owners still believe that they are ‘beating the tax man’ when taking payment in cash from customers and not declaring this as income.  This is a big mistake, there will not only be tax implications  and penalties if caught by the ATO but also the business is being devalued significantly by transacting this way with…